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Prices & Quotes - UK Markets - Whitbread (WTB)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 3,062.00p
Change Today:
5.00p
Market Cap:
6,184m
Sector:
Travel & Leisure

JP Morgan backs Whitbread, downgrades InterContinental

By Abigail Townsend

Date: Thursday 04 Mar 2021

LONDON (ShareCast) - (Sharecast News) - JP Morgan Cazenove has upgraded Whitbread and downgraded InterContinental Hotels Group following a review of European hoteliers.
The bank said it had cut Holiday Inn-operator IHG to ''underweight' from 'neutral', while Whitbread - the owner of Premier Inn - has been upgraded to 'overweight' from 'neutral'. Both companies have the same price target of 4,000.0p.

Estelle Weingrod, analyst, said: "We believe that Whitbread should continue to perform better than peers, being the more likely candidate to gain market share post pandemic - hence underpinning a premium to historical multiples, unlike peers - while being the least concerned about potential structural headwinds faced by the industry.

"On the other hand, we think IHG shares have gone too far, at the upper end of where European hotels have traded historically, and see the risk-reward skewed to the downside: less appealing equity story in the context of recovery, growth prospects more appealing at US peers."

Revenue assumptions for the 2022 full-year have remained broadly unchanged across the board, although margin assumptions have been "tweaked": downwards at IHG and upwards at Whitbread. Both are below pre-Covid-19 levels.

The bank has kept its rating on France's Accor at 'neutral'.

As at 1145 GMT, shares in Whitbread were down nearly 1% at 3,575.0p, and nearly 3% at IHG, at 5,002.0p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Whitbread Market Data

Currency UK Pounds
Price 3,062.00p
Change Today 5.00p
52 Week High 3,595.00p
52 Week Low 2,049.00p
Volume 877,832
Shares Issued 201.96m
Market Cap 6,184m
Beta 0.02

Performance Indicators

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What The Brokers Say

Strong Buy 13
Buy 0
Neutral 7
Sell 2
Strong Sell 1
Total 23
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Whitbread Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Nov-19 30-May-19
Paid 13-Dec-19 05-Jul-19
Amount 32.65p 67.00p

Trades for 13-May-2021

Time Volume / Share Price
16:39 2,500 @ 3,062.00p
16:37 245 @ 3,062.00p
16:37 2,255 @ 3,062.00p
16:35 197,281 @ 3,062.00p
16:29 22 @ 3,061.00p

Whitbread Key Personnel

Finance Director Nicholas Cadbury
CEO Alison Brittain
Chair Adam Crozier