Whitbread (OTCMKTS:WTBDY) Sees Large Volume Increase – Here’s Why

Whitbread PLC – Sponsored ADR (OTCMKTS:WTBDY) shares saw unusually-high trading volume on Friday. Approximately 61,746 shares changed hands during trading, an increase of 127% from the previous session’s volume of 27,199 shares. The stock last traded at $8.01 and had previously closed at $7.8450.

Wall Street Analyst Weigh In

A number of analysts have issued reports on WTBDY shares. Jefferies Financial Group reaffirmed a “hold” rating on shares of Whitbread in a research note on Tuesday, August 25th. Citigroup restated a “buy” rating on shares of Whitbread in a research report on Friday, August 21st. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Whitbread Price Performance

The firm’s fifty day moving average is $8.09 and its 200-day moving average is $8.00.

Whitbread Company Profile

Whitbread PLC is a British hospitality company best known for operating Premier Inn, the United Kingdom’s largest hotel brand. Premier Inn serves business and leisure travelers through hotels located in city centers, airports, transport hubs and popular tourist destinations, with accommodation offered across the United Kingdom and Germany.

In addition to its hotel operations, Whitbread runs a number of restaurant brands associated with its hotels, including Beefeater and Brewers Fayre.