Whitbread PLC (WTB.L) shares have fallen significantly from the most recent highs of 5152.0p. Will it continue, or is this an opportunity to pick some up?

• A return to previous highs would represent a rise of 36%. Now at 3788p (at time of writing).
• This is one of the biggest fallers of late.
• Traders should consider whether it is down for good reason, or is this another over-reaction?
• Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
• Shares -26% from 12-month highs; +-1% from 12 month lows.

Latest News

28 Feb:  Whitbread announced it had completed the takeover of 19 hotels in Germany from Foremost Hospitality (value not undisclosed).

18 Feb:  Louise Smalley, Executive Director, sold 5,000 shares within the firm on the 18th February 2020 at a price of 4734.00p. This Director currently has 27,177 shares.

18 Feb:  Louise Smalley, Executive Director, sold 3,000 shares within the firm on the 18th February 2020 at a price of 4768.00p. This Director currently has 24,177 shares.

10 Feb:  Goldman Sachs has downgraded its rating on Whitbread (WTB) to sell (from neutral) and reduced the target price to 4200p (from 4400p).

29 Jan:  Barclays Capital reiterates its overweight rating on Whitbread (WTB) and reduced the target price to 5050p (from 5200p).

29 Jan:  HSBC has upgraded its rating on Whitbread (WTB) to buy (from hold) and increased the target price to 5200p (from 4600p).

22 Jan:  UBS reiterates its neutral rating on Whitbread (WTB) and reduced the target price to 4875p (from 5180p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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