Whitbread (OTCMKTS:WTBDY) Shares Up 7.5% – Here’s What Happened

Whitbread PLC – Sponsored ADR (OTCMKTS:WTBDY) shot up 7.5% during trading on Wednesday . The company traded as high as $8.79 and last traded at $8.79. 3,712 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 34,368 shares. The stock had previously closed at $8.18.

Analysts Set New Price Targets

WTBDY has been the subject of several recent research reports. Morgan Stanley reiterated an “overweight” rating on shares of Whitbread in a research note on Wednesday, January 14th. Jefferies Financial Group cut Whitbread from a “buy” rating to a “hold” rating in a research report on Friday, December 12th. Sanford C. Bernstein cut Whitbread from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, November 28th. Deutsche Bank Aktiengesellschaft downgraded Whitbread from a “buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Finally, Citigroup reissued a “buy” rating on shares of Whitbread in a report on Thursday, January 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Whitbread Stock Down 2.1%

The company’s 50 day moving average price is $8.99 and its 200 day moving average price is $9.44.

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.