Whitbread (OTCMKTS:WTBDY) Shares Gap Up – Still a Buy?

Whitbread PLC – Sponsored ADR (OTCMKTS:WTBDY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $8.53, but opened at $8.8345. Whitbread shares last traded at $8.8345, with a volume of 374 shares.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WTBDY. Morgan Stanley reaffirmed an “overweight” rating on shares of Whitbread in a report on Wednesday, September 3rd. Deutsche Bank Aktiengesellschaft cut shares of Whitbread from a “buy” rating to a “hold” rating in a report on Wednesday, December 3rd. Peel Hunt raised Whitbread to a “strong-buy” rating in a research note on Thursday, October 16th. Jefferies Financial Group downgraded Whitbread from a “buy” rating to a “hold” rating in a report on Friday, December 12th. Finally, Sanford C. Bernstein lowered shares of Whitbread from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, November 28th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Whitbread Stock Up 0.0%

The business has a fifty day moving average price of $9.05 and a two-hundred day moving average price of $9.89.

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.