Zacks Investment Research downgraded shares of Whitbread (NASDAQ:WTBCY) from a buy rating to a hold rating in a research report report published on Wednesday morning.

According to Zacks, “Whitbread PLC operates hotels, restaurants and coffee shops. The company’s business unit consists of Hotels and Restaurants and Costa. Hotels and Restaurants unit provides services in accommodation and food. Costa unit is engaged in the operations of branded, owned and franchised coffee shops. Its brands include Premier Inn, Beefeater, Table Table, Brewers Fayre, Taybarns and Costa Coffee. Whitbread PLC is headquartered in Dunstable, the United Kingdom. “

Shares of Whitbread (NASDAQ:WTBCY) opened at 23.7175 on Wednesday. The company’s 50 day moving average price is $25.56 and its 200-day moving average price is $25.82. Whitbread has a 12-month low of $21.33 and a 12-month high of $29.31. The firm has a market cap of $8.65 billion and a P/E ratio of 15.7906.

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