Whitbread (OTCMKTS:WTBDY) Shares Gap Up – Still a Buy?

Whitbread PLC – Sponsored ADR (OTCMKTS:WTBDY)’s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $8.52, but opened at $8.7450. Whitbread shares last traded at $8.7450, with a volume of 336 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on WTBDY. Jefferies Financial Group cut shares of Whitbread from a “buy” rating to a “hold” rating in a research note on Friday, December 12th. Peel Hunt upgraded shares of Whitbread to a “strong-buy” rating in a research report on Thursday, October 16th. Sanford C. Bernstein cut shares of Whitbread from a “strong-buy” rating to a “strong sell” rating in a report on Friday, November 28th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Whitbread from a “buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Whitbread presently has a consensus rating of “Moderate Buy”.

Whitbread Price Performance

The business’s 50 day moving average is $8.83 and its 200-day moving average is $9.84.

Whitbread Company Profile

Whitbread plc is a UK-based hospitality company primarily engaged in hotel and restaurant operations. Its flagship brand, Premier Inn, is one of the largest budget hotel chains in the United Kingdom, offering standardized accommodation across city centre and suburban locations. In addition to hotels, Whitbread operates a portfolio of food and beverage outlets, including family-oriented restaurants and pubs that cater to both leisure and business travellers.

The company’s hotel portfolio comprises hundreds of properties in the UK, alongside an established presence in Germany and select international markets under the Premier Inn banner.