Whitbread ‘preferred pick’ in leisure sector, says Barclays
Whitbread
2,905.00p
15:45 15/11/24
-1.22%
-36.00p
Barclays said on Friday that Premier Inn owner Whitbread is its "preferred pick" in the leisure sector.
FTSE 100
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15:45 15/11/24
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FTSE 350
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15:45 15/11/24
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FTSE All-Share
4,411.85
15:45 15/11/24
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Travel & Leisure
8,607.27
15:45 15/11/24
-0.29%
-25.35
It said: "We believe UK RevPAR (revenue per available room) strength is more sustainable than the market expects when we reflect on: 1) optimistic spend intentions from our latest consumer survey, 2) constrained supply, 3) UK pricing still 13% below 2007 peak in real terms and 4) Premier Inn's own pricing opportunity."
Barclays rates the shares at ‘overweight’ with a 4,250p price target.