Whitbread (OTCMKTS:WTBDY) Sees Strong Trading Volume – Here’s What Happened

Whitbread PLC – Sponsored ADR (OTCMKTS:WTBDY) saw strong trading volume on Friday . 397,158 shares changed hands during trading, an increase of 2,039% from the previous session’s volume of 18,567 shares.The stock last traded at $9.27 and had previously closed at $9.42.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WTBDY shares. Citigroup reaffirmed a “buy” rating on shares of Whitbread in a research note on Thursday, January 15th. Deutsche Bank Aktiengesellschaft cut shares of Whitbread from a “buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Peel Hunt upgraded Whitbread to a “strong-buy” rating in a report on Thursday, October 16th. Jefferies Financial Group cut shares of Whitbread from a “buy” rating to a “hold” rating in a research note on Friday, December 12th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Whitbread in a research note on Wednesday, January 14th. One investment 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, Whitbread has a consensus rating of “Moderate Buy”.

Whitbread Price Performance

The stock’s 50-day simple moving average is $8.71 and its 200 day simple moving average is $9.69.

About Whitbread

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.