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

Shares of Whitbread PLC – Sponsored ADR (OTCMKTS:WTBDY) gapped up prior to trading on Wednesday . The stock had previously closed at $8.84, but opened at $9.29. Whitbread shares last traded at $9.29, with a volume of 3,819 shares traded.

Analyst Ratings Changes

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded Whitbread from a “buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Citigroup reiterated a “buy” rating on shares of Whitbread in a research report on Thursday. Peel Hunt upgraded shares of Whitbread to a “strong-buy” rating in a report on Thursday, October 16th. Morgan Stanley reissued an “overweight” rating on shares of Whitbread in a research report on Wednesday. Finally, Sanford C. Bernstein downgraded shares of Whitbread from a “strong-buy” rating to a “strong sell” rating in a report on Friday, November 28th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Whitbread Stock Performance

The business’s 50 day moving average price is $8.65 and its 200 day moving average price is $9.79.

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.