Givaudan SA (OTCMKTS:GVDNY – Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $78.98 and traded as high as $84.1150. Givaudan shares last traded at $83.1050, with a volume of 14,504 shares.
Analysts Set New Price Targets
A number of analysts have recently issued reports on the stock. Barclays lowered shares of Givaudan from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 27th. The Goldman Sachs Group upgraded shares of Givaudan from a “sell” rating to a “buy” rating in a report on Monday, June 8th. Berenberg Bank downgraded shares of Givaudan from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Zacks Research raised shares of Givaudan from a “strong sell” rating to a “hold” rating in a research report on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Givaudan from a “hold” rating to a “buy” rating in a research note on Tuesday, June 9th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.
View Our Latest Stock Report on Givaudan
Givaudan Stock Performance
About Givaudan
Givaudan is a Swiss-based global company that develops, manufactures and supplies flavors, fragrances and active cosmetic ingredients for a broad range of consumer products. The company’s core activities are organized around creating taste and scent solutions—ranging from fine fragrances and consumer-packaged goods scents to flavor systems for food and beverages and functional ingredients for personal care. Givaudan works with brand owners and manufacturers to design sensory experiences, improve product performance and meet formulation or regulatory requirements.
Its product and service offerings include bespoke fragrance creation, flavor formulation, natural ingredient sourcing, aroma chemicals, taste modulators and application support such as prototyping and sensory testing.
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