Whitbread (OTCMKTS:WTBDY) Sees Strong Trading Volume – Time to Buy?

Shares of Whitbread PLC – Sponsored ADR (OTCMKTS:WTBDY) saw unusually-strong trading volume on Tuesday . Approximately 19,968 shares changed hands during trading, an increase of 133% from the previous session’s volume of 8,559 shares.The stock last traded at $8.62 and had previously closed at $8.55.

Analyst Upgrades and Downgrades

WTBDY has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft lowered Whitbread from a “buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Jefferies Financial Group downgraded Whitbread from a “buy” rating to a “hold” rating in a research note on Friday, December 12th. Sanford C. Bernstein downgraded Whitbread from a “strong-buy” rating to a “strong sell” rating in a report on Friday, November 28th. Finally, Peel Hunt upgraded shares of Whitbread to a “strong-buy” rating in a report on Thursday, October 16th. One equities research 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

Whitbread Price Performance

The stock has a 50-day moving average price of $8.76 and a 200 day moving average price of $9.83.

About Whitbread

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.