Whitbread plc (OTCMKTS:WTBCF – Get Free Report) shares dropped 4.5% during trading on Friday . The company traded as low as $34.4652 and last traded at $34.4652. Approximately 1,014 shares traded hands during mid-day trading, a decline of 22% from the average daily volume of 1,297 shares. The stock had previously closed at $36.0780.
Whitbread Stock Performance
The business has a 50-day moving average price of $38.64 and a two-hundred day moving average price of $41.69.
Whitbread Company Profile
Whitbread PLC is a leading UK-based hospitality company with principal operations in the hotel and restaurant sectors. Its flagship brand, Premier Inn, is one of the largest budget hotel chains in the United Kingdom, offering comfortable accommodation across a network of over 800 hotels. In addition to its hotel business, Whitbread owns and operates a portfolio of restaurants under brands such as Beefeater and Brewers Fayre, catering to both family dining and casual visitors.
Established in 1742 as a regional brewery in London, Whitbread embarked on a strategic transformation in the late 20th century, pivoting away from brewing to focus on hospitality.
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