Whitbread (OTCMKTS:WTBDY) Shares Gap Up – Here’s Why

Shares of Whitbread PLC – Sponsored ADR (OTCMKTS:WTBDY) gapped up prior to trading on Wednesday . The stock had previously closed at $8.53, but opened at $8.8345. Whitbread shares last traded at $8.8345, with a volume of 374 shares.

Wall Street Analyst Weigh In

WTBDY has been the subject of several research reports. Sanford C. Bernstein cut Whitbread from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, November 28th. Morgan Stanley reaffirmed an “overweight” rating on shares of Whitbread in a research report on Wednesday, September 3rd. Jefferies Financial Group cut shares of Whitbread from a “buy” rating to a “hold” rating in a research note on Friday, December 12th. Deutsche Bank Aktiengesellschaft lowered shares of Whitbread from a “buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Finally, Peel Hunt raised shares of Whitbread to a “strong-buy” rating in a research note on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Whitbread has an average rating of “Moderate Buy”.

Whitbread Trading Up 0.0%

The company has a 50-day moving average of $9.05 and a 200 day moving average of $9.89.

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.