Whitbread (OTCMKTS:WTBDY) Shares Climb 6.3% – Still a Buy?

Shares of Whitbread PLC – Sponsored ADR (OTCMKTS:WTBDY) traded up 6.3% on Wednesday. The stock traded as high as $9.10 and last traded at $9.10. Approximately 802 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 25,749 shares. The stock had previously closed at $8.56.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on WTBDY. Jefferies Financial Group reissued a “hold” rating on shares of Whitbread in a research note on Tuesday, August 25th. Citigroup reissued a “buy” rating on shares of Whitbread in a research note on Friday, August 21st. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Whitbread currently has an average rating of “Hold”.

Whitbread Trading Up 5.5%

The company has a fifty day moving average price of $8.12 and a two-hundred day moving average price of $8.26.

Whitbread Company Profile

Whitbread plc is a hospitality company headquartered in the United Kingdom. Its principal business is operating hotels and restaurants, with its largest brand being Premier Inn, a budget hotel chain serving business and leisure travelers.

Premier Inn operates hotels across the United Kingdom and has expanded into Germany. Whitbread also operates restaurant brands in the UK, including Beefeater, Brewers Fayre and Table Table, which offer a range of casual dining and family-oriented food services.

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