Whitbread (OTCMKTS:WTBDY) Sees Large Volume Increase – Time to Buy?

Whitbread PLC – Sponsored ADR (OTCMKTS:WTBDY) shares saw strong trading volume on Friday . 397,158 shares were traded during trading, an increase of 2,039% from the previous session’s volume of 18,567 shares.The stock last traded at $9.27 and had previously closed at $9.42.

Wall Street Analysts Forecast Growth

WTBDY has been the subject of a number of research reports. Peel Hunt upgraded shares of 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 research note on Friday, December 12th. Citigroup restated a “buy” rating on shares of Whitbread in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft downgraded shares of Whitbread from a “buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Finally, Sanford C. Bernstein lowered Whitbread from a “strong-buy” rating to a “strong sell” rating in a report on Friday, November 28th. One 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Whitbread Stock Up 0.9%

The business’s 50 day simple moving average is $8.70 and its 200 day simple moving average is $9.70.

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.