Whitbread (OTCMKTS:WTBDY) Shares Up 0.3% – Here’s What Happened

Whitbread PLC – Sponsored ADR (OTCMKTS:WTBDY) shares traded up 0.3% on Tuesday. The company traded as high as $7.88 and last traded at $7.84. 22,017 shares were traded during trading, an increase of 159% from the average session volume of 8,492 shares. The stock had previously closed at $7.82.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group restated 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 note on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Whitbread has an average rating of “Moderate Buy”.

Whitbread Stock Up 0.3%

The firm has a fifty day moving average of $8.10 and a 200-day moving average of $8.00.

Whitbread Company Profile

Whitbread plc is a hospitality company headquartered in the United Kingdom and is best known for operating Premier Inn, one of the country’s largest hotel brands. The company provides accommodation through its Premier Inn and hub by Premier Inn properties, serving business and leisure travelers across the United Kingdom and Germany.

Whitbread also operates restaurants connected with many of its hotels, including brands such as Beefeater, Brewers Fayre and Table Table. Its hospitality operations offer a combination of hotel rooms, dining and related guest services, with locations in city centers, airports, business districts and leisure destinations.

The company traces its origins to 1742, when it was established as a brewery in London.