viewWhitbread PLC

Whitbread downgraded to sell as Deutsche Bank worries about UK

Britain is facing strong operating uncertainty for the next few months says the German bank

Whitbread PLC -

Whitbread PLC (LON:WTB) has been downgraded to a 'sell' by analysts at Deutsche Bank, who see the group’s exposure to the UK as a significant negative.

The Premier Inn owner has the most challenged outlook says the German bank in a note on the European hotel sector.

“Whitbread is an asset-heavy model (100% free- and lease-hold) and is the most-exposed group to the UK, which offers strong operating uncertainty for the next few months, especially regarding potential Brexit,” it wrote.

Changes to property accounting guidelines (IRRS 16) are adding to the uncertainty said the bank.

Accor and NH Hotel are its top picks in the sector, though the bank acknowledges there are few catalysts for the shares in either to outperform in the current COVID-19 dominated environment.

Shares in Whitbread rose 7p to 3,104p.


Quick facts: Whitbread PLC

Price: 3169 GBX

Market: LSE
Market Cap: £6.4 billion

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...


Ora Banda Mining anticipating its first gold bar by the end of January

Ora Banda Mining Ltd's (ASX:OBM) David Quinlivan talks Proactive's Andrew Scott through its December quarterly update. He says they've now begun wet commissioning of the plant and will be progressively commissioning over the coming weeks with a view of getting the first gold bar out by the end...

1 hour, 43 minutes ago

2 min read