Shares of Givaudan SA (OTCMKTS:GVDNY – Get Rating) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $68.00 and traded as low as $62.48. Givaudan shares last traded at $63.27, with a volume of 95,211 shares trading hands.
Analysts Set New Price Targets
A number of research analysts have weighed in on GVDNY shares. Sanford C. Bernstein cut shares of Givaudan from a “market perform” rating to an “underperform” rating in a research report on Tuesday, June 14th. JPMorgan Chase & Co. lowered their target price on shares of Givaudan from CHF 3,950 to CHF 3,300 and set a “neutral” rating for the company in a research note on Wednesday, June 29th. UBS Group lowered their target price on shares of Givaudan from CHF 3,250 to CHF 3,180 and set a “sell” rating for the company in a research note on Friday, July 22nd. Berenberg Bank lowered their target price on shares of Givaudan from CHF 4,500 to CHF 3,800 and set a “buy” rating for the company in a research note on Tuesday, July 19th. Finally, The Goldman Sachs Group lowered shares of Givaudan from a “neutral” rating to a “sell” rating in a research note on Thursday, September 1st. Four research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $3,495.00.
Givaudan Stock Down 0.3 %
The stock’s 50 day moving average is $68.00 and its two-hundred day moving average is $73.41. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 1.08.
Givaudan SA, together with its subsidiaries, manufactures, supplies, and sells fragrance, beauty, taste, and wellbeing products to the consumer goods industry. The company operates through in divisions, Fragrance & Beauty, and Taste & Wellbeing. The Fragrance & Beauty division offers fine fragrances, consumer products, and fragrance ingredients and active beauty products.
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