Givaudan (OTCMKTS:GVDNY) Shares Gap Up – Still a Buy?

Givaudan SA (OTCMKTS:GVDNY – Get Free Report) gapped up prior to trading on Tuesday. The stock had previously closed at $83.35, but opened at $90.58. Givaudan shares last traded at $90.25, with a volume of 1,554 shares traded.

Analyst Ratings Changes

GVDNY has been the topic of several analyst reports. Citigroup reissued a “neutral” rating on shares of Givaudan in a report on Friday, September 25th. Sanford C. Bernstein began coverage on shares of Givaudan in a research note on Wednesday, July 22nd. They issued a “strong sell” rating for the company. Jefferies Financial Group downgraded Givaudan from a “buy” rating to a “hold” rating in a report on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Givaudan in a research report on Thursday, September 3rd. Finally, Barclays upgraded Givaudan from an “equal weight” rating to an “overweight” rating in a report on Monday, October 5th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

View Our Latest Research Report on Givaudan

Givaudan Price Performance

The stock has a 50-day moving average of $81.14 and a 200-day moving average of $77.75.

Givaudan Company Profile

(Get Free Report)

Givaudan SA is a Swiss company that develops and manufactures flavors, fragrances and related ingredients for consumer products. Its solutions are used in a wide range of applications, including food and beverages, fine fragrances, personal care products, household goods and oral care.

The company operates through flavor and fragrance activities, combining natural and synthetic ingredients with research, product development and sensory expertise. Givaudan also provides taste, scent and cosmetic solutions designed to support product performance, consumer preferences and brand identity.

Givaudan traces its origins to the late 18th century and has grown into an international business serving customers in markets around the world.

Further Reading

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