Whitbread (OTCMKTS:WTBDY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Whitbread PLC – Sponsored ADR (OTCMKTS:WTBDY) saw unusually-high trading volume on Friday . Approximately 62,024 shares were traded during trading, an increase of 237% from the previous session’s volume of 18,419 shares.The stock last traded at $9.25 and had previously closed at $9.4350.

Analysts Set New Price Targets

WTBDY has been the topic of several recent research reports. Citigroup restated a “buy” rating on shares of Whitbread in a research report on Thursday, January 15th. Peel Hunt raised Whitbread to a “strong-buy” rating in a research report on Thursday, October 16th. Morgan Stanley reiterated an “overweight” rating on shares of Whitbread in a research note on Wednesday, January 14th. Sanford C. Bernstein downgraded shares of Whitbread from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, November 28th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Whitbread from a “buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Whitbread Trading Down 2.0%

The firm has a fifty day moving average price of $8.69 and a 200-day moving average price of $9.74.

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.