Whitbread (OTCMKTS:WTBDY) Sees Large Volume Increase – Time to Buy?

Whitbread PLC – Sponsored ADR (OTCMKTS:WTBDY) shares saw an uptick in trading volume on Tuesday . 45,969 shares changed hands during mid-day trading, an increase of 96% from the previous session’s volume of 23,434 shares.The stock last traded at $9.20 and had previously closed at $8.84.

Analyst Upgrades and Downgrades

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

Whitbread Stock Up 4.4%

The company has a 50 day moving average of $8.65 and a 200 day moving average of $9.81.

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.