Whitbread (OTCMKTS:WTBDY) Trading Down 5.3% – Time to Sell?

Whitbread PLC – Sponsored ADR (OTCMKTS:WTBDY) dropped 5.3% during mid-day trading on Friday . The stock traded as low as $8.35 and last traded at $8.35. Approximately 1,406 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 19,010 shares. The stock had previously closed at $8.8180.

Wall Street Analyst Weigh In

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

Whitbread Stock Up 0.9%

The firm has a fifty day moving average price of $8.99 and a 200-day moving average price of $9.87.

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.