Whitbread (OTCMKTS:WTBDY) Shares Gap Down - Should You Sell?

Key Points

• Whitbread's share price experienced a significant drop, opening at $9.68 after closing at $10.78, marking a decline of 9.6%.
• Despite the recent drop, Whitbread has a consensus rating of "Buy" from analysts, with Citigroup and Morgan Stanley reaffirming positive outlooks recently.
• Whitbread operates hotels and restaurants in the UK and internationally, featuring brands like Premier Inn and Beefeater.

Whitbread PLC - Sponsored ADR (OTCMKTS:WTBDY - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $10.78, but opened at $9.68. Whitbread shares last traded at $9.68, with a volume of 246 shares.

Wall Street Analysts Forecast Growth

WTBDY has been the topic of a number of recent research reports. Citigroup reaffirmed a "buy" rating on shares of Whitbread in a research report on Thursday, August 21st. Morgan Stanley restated an "overweight" rating on shares of Whitbread in a research note on Wednesday, September 3rd. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy".

Whitbread Stock Down 9.6%

The company has a 50 day moving average of $10.61 and a 200 day moving average of $9.84.

About Whitbread

Whitbread plc operates hotels and restaurants in the United Kingdom, Germany, and internationally. It operates hotels under the Premier Inn, ZIP by Premier Inn, and hub by Premier Inn brands. The company operates restaurants under the Brewers Fayre, Beefeater, Cookhouse & Pub, Bar+Block Steakhouse, Thyme, and Table Table brands in the United Kingdom.

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