Whitbread (OTCMKTS:WTBDY) Shares Up 0.3% – Time to Buy?

Whitbread PLC – Sponsored ADR (OTCMKTS:WTBDY)’s stock price shot up 0.3% during mid-day trading on Tuesday. The stock traded as high as $7.88 and last traded at $7.84. Approximately 22,017 shares were traded during mid-day trading, an increase of 159% from the average daily volume of 8,492 shares. The stock had previously closed at $7.82.

Analysts Set New Price Targets

Several research firms recently weighed in on WTBDY. Jefferies Financial Group reissued a “hold” rating on shares of Whitbread in a research report on Tuesday, August 25th. Citigroup reaffirmed a “buy” rating on shares of Whitbread in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Whitbread Stock Performance

The business has a 50-day moving average of $8.10 and a two-hundred day moving average of $8.00.

Whitbread Company Profile

Whitbread plc is a hospitality company headquartered in the United Kingdom and is best known for operating Premier Inn, one of the country’s largest hotel brands. The company provides accommodation through its Premier Inn and hub by Premier Inn properties, serving business and leisure travelers across the United Kingdom and Germany.

Whitbread also operates restaurants connected with many of its hotels, including brands such as Beefeater, Brewers Fayre and Table Table. Its hospitality operations offer a combination of hotel rooms, dining and related guest services, with locations in city centers, airports, business districts and leisure destinations.

The company traces its origins to 1742, when it was established as a brewery in London.