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Whitbread (OTCMKTS:WTBDY) Trading Up 3% - Here's Why

Whitbread logo with Consumer Cyclical background

Key Points

  • Whitbread PLC shares rose by 3%, closing at $10.84, despite a decrease in trading volume by 92% compared to average session volume.
  • Citigroup reaffirmed a "buy" rating for Whitbread, contributing to an overall average rating of "buy" from research analysts.
  • The company's fifty-day moving average price is $10.16, and its 200-day moving average price is $9.22, indicating a potential for growth ahead.
  • Need better tools to track Whitbread? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Whitbread PLC - Sponsored ADR (OTCMKTS:WTBDY - Get Free Report) rose 3% on Friday . The stock traded as high as $10.84 and last traded at $10.84. Approximately 369 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 4,548 shares. The stock had previously closed at $10.53.

Wall Street Analysts Forecast Growth

Separately, Citigroup reaffirmed a "buy" rating on shares of Whitbread in a research note on Thursday, August 21st. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Whitbread currently has an average rating of "Buy".

View Our Latest Report on WTBDY

Whitbread Stock Performance

The company has a 50-day moving average of $10.22 and a 200-day moving average of $9.26.

About Whitbread

(Get Free Report)

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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