Whitbread (OTCMKTS:WTBDY) Shares Gap Down – Here’s Why

Whitbread PLC – Sponsored ADR (OTCMKTS:WTBDY) gapped down prior to trading on Monday . The stock had previously closed at $9.23, but opened at $8.9120. Whitbread shares last traded at $8.9120, with a volume of 371 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Citigroup reiterated a “buy” rating on shares of Whitbread in a research report on Thursday, January 15th. Jefferies Financial Group lowered Whitbread from a “buy” rating to a “hold” rating in a research note on Friday, December 12th. Deutsche Bank Aktiengesellschaft downgraded shares of Whitbread from a “buy” rating to a “hold” rating in a research report on Wednesday, December 3rd. Morgan Stanley restated an “overweight” rating on shares of Whitbread in a report on Wednesday, January 14th. Finally, Sanford C. Bernstein cut shares of Whitbread from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, November 28th. One 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. According to MarketBeat, the stock has an average rating of “Moderate Buy”.

Whitbread Trading Down 4.3%

The company’s 50-day moving average is $8.97 and its two-hundred day moving average is $9.60.

About Whitbread

Whitbread plc is a UK-based hospitality company primarily engaged in hotel and restaurant operations. Its flagship brand, Premier Inn, is one of the largest budget hotel chains in the United Kingdom, offering standardized accommodation across city centre and suburban locations. In addition to hotels, Whitbread operates a portfolio of food and beverage outlets, including family-oriented restaurants and pubs that cater to both leisure and business travellers.

The company’s hotel portfolio comprises hundreds of properties in the UK, alongside an established presence in Germany and select international markets under the Premier Inn banner.