
Whitbread: a better sentiment, UBS says
(CercleFinance.com) - UBS has confirmed its 'buy' recommendation on Whitbread shares, with a target price maintained at 4400 pence, which represents 41% upside potential for the British hospitality group's shares.
Sentiment is becoming more positive for a share that is trading below its historic premium to the market, the broker notes, for which the recovery in UK profits and German profitability are not reflected in the stock.
UBS considers that Whitbread, the UK market leader with a dominant brand and footprint, has a strong balance sheet to continue its roll-out in the UK and support profits from less mature German operations.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Sentiment is becoming more positive for a share that is trading below its historic premium to the market, the broker notes, for which the recovery in UK profits and German profitability are not reflected in the stock.
UBS considers that Whitbread, the UK market leader with a dominant brand and footprint, has a strong balance sheet to continue its roll-out in the UK and support profits from less mature German operations.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.