Sodexo (OTCMKTS:SDXAY) Shares Gap Up – Still a Buy?

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) shares gapped up prior to trading on Wednesday . The stock had previously closed at $11.14, but opened at $11.6360. Sodexo shares last traded at $11.62, with a volume of 3,646 shares.

Wall Street Analysts Forecast Growth

SDXAY has been the subject of a number of research reports. Jefferies Financial Group upgraded Sodexo from a “hold” rating to a “buy” rating in a report on Monday, March 30th. Citigroup reiterated a “neutral” rating on shares of Sodexo in a report on Wednesday, May 20th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Sodexo in a report on Thursday, May 21st. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Sodexo currently has an average rating of “Hold”.

Sodexo Stock Up 0.5%

The business has a fifty day simple moving average of $10.40 and a 200-day simple moving average of $10.46.

Sodexo Company Profile

Sodexo is a global provider of integrated facilities management and food services, offering a wide range of solutions designed to enhance quality of life for clients across corporate, education, healthcare, remote site and sports & leisure markets. The company’s core activities include workplace dining and catering, reception and concierge services, cleaning and technical maintenance, security, grounds maintenance, and energy management. Sodexo partners with organizations to streamline operations, improve employee engagement and well-being, and ensure safe, sustainable environments.

Founded in 1966 by Pierre Bellon in Marseille, France, Sodexo has grown through both organic expansion and strategic acquisitions.