Whitbread (OTCMKTS:WTBDY) Sees Large Volume Increase – Here’s Why
by Renee Jackson · The Cerbat GemShares of Whitbread PLC – Sponsored ADR (OTCMKTS:WTBDY – Get Free Report) saw strong trading volume on Tuesday . 19,968 shares changed hands during mid-day trading, an increase of 133% from the previous session’s volume of 8,559 shares.The stock last traded at $8.62 and had previously closed at $8.55.
Analyst Ratings Changes
A number of equities analysts recently issued reports on the stock. 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. 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 raised shares of Whitbread to a “strong-buy” rating in a report on Thursday, October 16th. Finally, Deutsche Bank Aktiengesellschaft downgraded 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 issued 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.com, the company currently has an average rating of “Moderate Buy”.
Check Out Our Latest Stock Analysis on Whitbread
Whitbread Stock Performance
The firm’s 50 day moving average is $8.76 and its 200 day moving average is $9.83.
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.