Simon LeChipre, an analyst from Jefferies, maintained the Buy rating on Whitbread. The associated price target is £31.00.
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Simon LeChipre has given his Buy rating due to a combination of factors including Whitbread’s strong performance in the first half of the year. The company exceeded expectations with a 4% adjusted profit before tax, primarily driven by the UK Premier Inn’s improved trading in the second quarter.
Additionally, the current trading environment appears favorable, as evidenced by a 3% year-over-year increase in revenue per available room (RevPAR), aligning with recent industry trends. Despite some challenges such as increased UK cost inflation and higher lease costs, as well as a reduced profit target in Germany, the overall outlook remains positive, supporting the Buy rating.