Givaudan (OTCMKTS:GVDNY) Hits New 52-Week High – Here’s Why

Givaudan SA (OTCMKTS:GVDNY) shares hit a new 52-week high during trading on Tuesday. The company traded as high as $96.0850 and last traded at $95.99, with a volume of 15,987 shares traded. The stock had previously closed at $94.86.

Analyst Ratings Changes

A number of brokerages have recently weighed in on GVDNY. Sanford C. Bernstein initiated coverage on Givaudan in a report on Wednesday, July 22nd. They issued a “strong sell” rating on the stock. Citigroup restated a “neutral” rating on shares of Givaudan in a research note on Friday, September 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Givaudan in a report on Thursday, September 3rd. Barclays upgraded Givaudan from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 5th. Finally, Jefferies Financial Group lowered Givaudan from a “buy” rating to a “hold” rating in a research report on Tuesday, September 1st. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Givaudan Trading Down 0.2%

The business’s 50-day moving average is $82.76 and its 200-day moving average is $79.09.

About Givaudan

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

The company operates through two principal areas: Taste & Wellbeing, which provides flavors, taste-modulation solutions, natural extracts and functional ingredients; and Fragrance & Beauty, which develops fragrances, fragrance ingredients, cosmetic ingredients and active beauty solutions.