Edenred SA (OTCMKTS:EDNMY) Receives $29.99 Consensus Target Price from Analysts

Edenred SA (OTCMKTS:EDNMY) has earned an average recommendation of “Buy” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $29.99.

Several brokerages have recently weighed in on EDNMY. Societe Generale assumed coverage on Edenred in a research note on Monday, July 26th. They set a “buy” rating and a $29.99 target price for the company. Morgan Stanley restated an “overweight” rating on shares of Edenred in a report on Wednesday, July 28th. Deutsche Bank Aktiengesellschaft raised shares of Edenred from a “hold” rating to a “buy” rating in a report on Monday, June 7th. Finally, Barclays raised shares of Edenred from an “equal weight” rating to an “overweight” rating in a research report on Friday, July 23rd.

OTCMKTS EDNMY traded up $0.18 on Friday, reaching $27.40. The company had a trading volume of 49,616 shares, compared to its average volume of 14,877. Edenred has a 1 year low of $22.13 and a 1 year high of $30.70. The firm has a 50-day moving average of $28.54 and a 200-day moving average of $28.26.

Edenred Company Profile

Edenred SE engages in the provision of digital payment solutions for the working world. Its solutions include employee benefits, complementary, and fleet and mobility. The company was founded on December 14, 2006 and is headquartered in Issy-les-Moulineaux, France.

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Analyst Recommendations for Edenred (OTCMKTS:EDNMY)

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