Givaudan (OTCMKTS:GVDNY) Reaches New 12-Month High – Here’s What Happened

Givaudan SA (OTCMKTS:GVDNY) shares reached a new 52-week high during trading on Monday. The company traded as high as $97.42 and last traded at $97.42, with a volume of 451 shares trading hands. The stock had previously closed at $95.09.

Analyst Ratings Changes

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

Givaudan Trading Up 1.2%

The firm has a 50-day moving average of $85.00 and a 200-day moving average of $78.72.

Givaudan Company Profile

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.