Whitbread (OTCMKTS:WTBDY) Stock Price Down 0.4% - Here's Why

Key Points

• Whitbread PLC's stock price fell 0.4%, trading between $10.78 and $10.81 with a significant increase in trading volume.
• Analysts have a consensus rating of "Buy" for Whitbread, with Citigroup and Morgan Stanley recently reiterating their positive outlook on the stock.
• The company operates various hotel and restaurant brands in the UK and internationally, contributing to its recognition in the hospitality sector.

Whitbread PLC - Sponsored ADR (OTCMKTS:WTBDY - Get Free Report)'s stock price dropped 0.4% on Wednesday . The stock traded as low as $10.78 and last traded at $10.81. Approximately 6,136 shares changed hands during trading, an increase of 43% from the average daily volume of 4,280 shares. The stock had previously closed at $10.85.

Analysts Set New Price Targets

Several analysts recently commented on WTBDY shares. Citigroup reiterated a "buy" rating on shares of Whitbread in a report on Thursday, August 21st. Morgan Stanley reiterated an "overweight" rating on shares of Whitbread in a report on Wednesday, September 3rd. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy".

Whitbread Stock Down 0.4%

The company has a fifty 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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