Whitbread (OTCMKTS:WTBDY) Stock Price Up 6.3% – What’s Next?

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

Analyst Ratings Changes

WTBDY has been the subject of several recent analyst reports. Citigroup reissued a “buy” rating on shares of Whitbread in a report on Friday, August 21st. Jefferies Financial Group restated a “hold” rating on shares of Whitbread in a report on Tuesday, August 25th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold”.

Whitbread Stock Performance

The company has a 50 day moving average price of $8.16 and a 200 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.