Whitbread: more positive sentiment, says UBS

(CercleFinance.com) - UBS has reaffirmed its 'buy' recommendation on Whitbread, with the target price maintained at 4400 pence, a target that holds 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', notes the broker, for whom '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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