Whitbread (OTCMKTS:WTBDY) Sees Strong Trading Volume – What’s Next?

Whitbread PLC – Sponsored ADR (OTCMKTS:WTBDY) saw strong trading volume on Friday . 397,158 shares were traded during mid-day trading, an increase of 2,039% from the previous session’s volume of 18,567 shares.The stock last traded at $9.27 and had previously closed at $9.42.

Analysts Set New Price Targets

WTBDY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft downgraded shares of Whitbread from a “buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Citigroup restated a “buy” rating on shares of Whitbread in a report on Thursday, January 15th. Morgan Stanley reissued an “overweight” rating on shares of Whitbread in a research note on Wednesday, January 14th. Peel Hunt raised Whitbread to a “strong-buy” rating in a research report on Thursday, October 16th. Finally, Jefferies Financial Group lowered shares of Whitbread from a “buy” rating to a “hold” rating in a research report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Whitbread Trading Up 0.9%

The stock’s fifty day moving average price is $8.70 and its two-hundred day moving average price is $9.70.

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.