In a report released today, Jaina Mistry from Jefferies maintained a Buy rating on Whitbread (WTB – Research Report), with a price target of £32.00.
Jaina Mistry has given her Buy rating due to a combination of factors including Whitbread’s strong market position and growth potential. Despite recent adjustments to profit forecasts, Whitbread continues to trade at a significant discount compared to its historical valuation, suggesting potential for future appreciation.
Whitbread’s solid fundamentals are underscored by its leading market share in the UK and its expansion opportunities in Germany. While short-term catalysts may be limited, the medium-term outlook remains positive, supporting the Buy recommendation.
According to TipRanks, Mistry is a 4-star analyst with an average return of 5.5% and a 51.65% success rate.
In another report released on February 24, Citi also maintained a Buy rating on the stock with a £37.00 price target.