Whitbread (LON:WTB – Get Rating)‘s stock had its “overweight” rating reissued by research analysts at Barclays in a report issued on Thursday, MarketBeat Ratings reports. They currently have a GBX 4,000 ($52.04) price objective on the stock. Barclays‘s price objective suggests a potential upside of 34.54% from the company’s previous close. WTB has been the […]
Morgan Stanley reaffirmed their overweight rating on shares of Whitbread (LON:WTB – Get Rating) in a research report report published on Thursday, MarketBeat.com reports. Morgan Stanley currently has a GBX 3,800 ($49.52) target price on the stock. Several other brokerages have also commented on WTB. Shore Capital restated a buy rating on shares of Whitbread […]
Whitbread (LON:WTB – Get Rating)‘s stock had its “overweight” rating reaffirmed by research analysts at Morgan Stanley in a research note issued to investors on Friday, Marketbeat reports. A number of other brokerages have also commented on WTB. Berenberg Bank upped their price target on Whitbread from GBX 3,600 ($47.39) to GBX 4,000 ($52.66) and […]
27 April 2021 | 08:33am
StockMarketWire.com - UK stocks eked out modest gains in early trading Tuesday as investors digested some mixed earnings releases, including positive updates from BP and Focusrite and disappointing ones from Whitbread and Aveva.
At 0822, the benchmark FTSE 100 index was up 6.77 points, or 0.1%, at 6,969.89.
BP rose 2.6% to 304.2p on announcing that it would start a $500 million share buyback in the second quarter after its first-quarter profit was boosted by higher oil prices and refining margins.
BP s underlying replacement cost profit for the three months through March jumped to $2.6 billion, up from $791 million year-on-year. It kept its dividend steady at 5.25c per share.
27 April 2021 | 07:12am
StockMarketWire.com - Premier Inn hotel chain owner Whitbread swung to a deep annual loss after the pandemic devastated the tourism sector.
Pre-tax losses for the year through March amounted to £1.00 billion, compared to a year-on-year profit of £280.0 million, as revenue tumbled 72% to £589.4 million.
Whitbread, which recently sold its Costa coffee chain to focus on hotels, did not declare a final dividend.
In the UK, the company said over 92% of its hotels were now open. It was ready to welcome leisure guests back to its hotels from 17 May, alongside a full reopening of all of its restaurants.
Whitbread said strong demand was expected for staycations in UK tourist destinations throughout the summer.