The Share Centre has rated brewer Whitbread as a hold, as the firm grew by 11% in the 11 weeks to August 13th when compared to the same period last year.
Whitbread says that it is on track to deliver full year expectations as well as its ambitious growth milestones with its interim results are due out on October 20th.
Ian Forrest, investment research analyst says: “Many large UK employers are currently facing the challenges of mitigating the costs of the recently announced higher living wage. Whitbread announced today that it is developing plans to achieve productivity improvements, efficiency savings and selective price increases.
“For investors, we are continuing to recommend Whitbread as a ‘hold’. This is due to its good growth, future prospects and the overall attractiveness of the business model. Much of this is already largely reflected in the shares, which means they are not as good value as other companies in the sector. Our preferred travel and leisure stock for investors is Restaurant Group.”
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