Edenred (OTCMKTS:EDNMY) Hits New 1-Year High – Should You Buy?

Edenred (OTCMKTS:EDNMY)’s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $17.00 and last traded at $17.00, with a volume of 1037 shares traded. The stock had previously closed at $16.26.

Analysts Set New Price Targets

EDNMY has been the subject of a number of research reports. Citigroup reissued a “neutral” rating on shares of Edenred in a research note on Thursday, July 30th. Zacks Research cut Edenred from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Jefferies Financial Group reiterated a “hold” rating on shares of Edenred in a research report on Wednesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Edenred in a report on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

Edenred Stock Performance

The firm’s 50-day moving average price is $14.64 and its 200-day moving average price is $12.56.

About Edenred

Edenred is a global leader in prepaid corporate services, offering a suite of digital and paper-based solutions designed to enhance employee benefits, streamline expense management and support corporate fleets. The company originated in 1962 as part of the Accor group and was listed as an independent entity on Euronext Paris in 2010. Today, Edenred operates under the Ticket Restaurant® brand, which remains a flagship offering for meal voucher programs, alongside a host of other employee engagement and incentive tools.

The company’s core products and services include employee benefits such as meal vouchers, food allowances and leisure gift certificates, as well as incentive and rewards programs that help organizations motivate and recognize their workforce.