(Sharecast News) – Berenberg analysts reiterated their ‘buy’ recommendation and 4,000p target price for shares of Whitbread, saying that they liked its position as a leading operator in the UK midscale and economy hotel market.
They also highlighted the company’s pipeline for growth in both the UK and Germany.
“In recent quarters, the company has gone from strength to strength, continuing to outperform the wider market,” they said.
Furthermore, they judged that Whitbread was capable of more than offsetting headwinds such as cost inflation so as to be able to grow its profit before tax in the UK in the 2024 financial year.
It would also be able to reduce its losses in Germany.
Analysts at ShoreCap reiterated their ‘buy’ recommendation on shares of Moneysupermarket.com on the back of the price comparison website’s fist half figures.
Aside from “gently exceeding” the consensus, the results had called attention to ongoing progress in new product development, technology investment and on advancing initiatives to boost customer retention and cross-selling.
As a result, the analysts had bumped up their estimate for full-year 2023 earnings per share by 5% and raised their ‘fair value’ estimate to 349.0p.