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

Whitbread PLC – Sponsored ADR (OTCMKTS:WTBDY) shares gapped up prior to trading on Thursday. The stock had previously closed at $8.56, but opened at $9.23. Whitbread shares last traded at $9.24, with a volume of 299 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have commented on WTBDY shares. Citigroup reiterated a “buy” rating on shares of Whitbread in a research report on Friday, August 21st. Jefferies Financial Group reissued a “hold” rating on shares of Whitbread in a research note on Tuesday, August 25th. Two equities 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 MarketBeat.com, the company currently has an average rating of “Hold”.

Whitbread Trading Down 2.4%

The business has a fifty day simple moving average of $8.17 and a 200 day simple moving average of $8.26.

About Whitbread

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.