Whitbread (OTCMKTS:WTBDY) Trading Down 3.1% - Should You Sell?

Key Points

• Whitbread PLC shares fell 3.1% to $10.06, with trading volume significantly increasing to 6,336 shares, compared to the average of 1,735 shares.
• Citigroup has reaffirmed a "buy" rating on Whitbread, indicating potential confidence in the company's stock.
• Whitbread recently increased its dividend to $0.201, marking a substantial rise from the prior dividend of $0.11, representing a high dividend yield of 333.0%.

Whitbread PLC - Sponsored ADR (OTCMKTS:WTBDY - Get Free Report) was down 3.1% during trading on Thursday . The company traded as low as $10.05 and last traded at $10.06. Approximately 6,336 shares changed hands during trading, an increase of 265% from the average daily volume of 1,735 shares. The stock had previously closed at $10.38.

Analysts Set New Price Targets

Separately, Citigroup restated a "buy" rating on shares of Whitbread in a research report on Monday, June 16th.

Whitbread Stock Up 0.3%

The stock has a 50 day moving average of $9.97 and a two-hundred day moving average of $9.07.

Whitbread Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, July 7th. Shareholders of record on Monday, May 26th were issued a dividend of $0.201 per share. This represents a yield of 333.0%. This is a boost from Whitbread's previous dividend of $0.11. The ex-dividend date of this dividend was Friday, May 23rd.

Whitbread Company Profile

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.