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

Shares of Whitbread PLC – Sponsored ADR (OTCMKTS:WTBDY) saw an uptick in trading volume on Tuesday . 40,131 shares changed hands during mid-day trading, an increase of 111% from the previous session’s volume of 19,044 shares.The stock last traded at $8.58 and had previously closed at $8.52.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on WTBDY shares. Peel Hunt raised Whitbread to a “strong-buy” rating in a report on Thursday, October 16th. Sanford C. Bernstein downgraded shares of 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. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Whitbread from a “buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. One 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Whitbread has an average rating of “Moderate Buy”.

Whitbread Price Performance

The firm has a 50-day moving average of $8.94 and a 200 day moving average of $9.86.

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.