Edenred (OTCMKTS:EDNMY) Shares Gap Up – Should You Buy?

Shares of Edenred (OTCMKTS:EDNMY) gapped up prior to trading on Tuesday . The stock had previously closed at $12.30, but opened at $12.92. Edenred shares last traded at $12.92, with a volume of 219 shares traded.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Kepler Capital Markets upgraded Edenred to a “strong-buy” rating in a research note on Sunday, March 15th. Jefferies Financial Group reiterated a “hold” rating on shares of Edenred in a research note on Friday, April 17th. Zacks Research lowered Edenred from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 8th. UBS Group lowered Edenred from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Citigroup reiterated a “neutral” rating on shares of Edenred in a research note on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Edenred has a consensus rating of “Hold”.

Edenred Stock Up 2.4%

The company has a 50 day moving average of $11.23 and a two-hundred day moving average of $11.08.

Edenred Company Profile

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.