Whitbread (OTCMKTS:WTBDY) Sees Strong Trading Volume – Still a Buy?

Whitbread PLC – Sponsored ADR (OTCMKTS:WTBDY) shares saw strong trading volume on Friday . 62,024 shares were traded during trading, an increase of 237% from the previous session’s volume of 18,419 shares.The stock last traded at $9.25 and had previously closed at $9.4350.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on WTBDY shares. Citigroup restated a “buy” rating on shares of Whitbread in a research report on Thursday, January 15th. Peel Hunt raised Whitbread to a “strong-buy” rating in a research note on Thursday, October 16th. Sanford C. Bernstein lowered Whitbread from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, November 28th. Deutsche Bank Aktiengesellschaft downgraded shares of Whitbread from a “buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Finally, Jefferies Financial Group lowered shares of Whitbread from a “buy” rating to a “hold” rating in a research note on Friday, December 12th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Whitbread Stock Down 1.5%

The stock’s 50 day simple moving average is $8.69 and its two-hundred day simple moving average is $9.73.

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.