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

Givaudan SA (OTCMKTS:GVDNY)’s stock price reached a new 52-week high during mid-day 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.

Analysts Set New Price Targets

Several research analysts have commented on the company. Jefferies Financial Group downgraded Givaudan from a “buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Givaudan in a report on Thursday, September 3rd. Citigroup reaffirmed a “neutral” rating on shares of Givaudan in a research note on Friday, September 25th. Barclays raised shares of Givaudan from an “equal weight” rating to an “overweight” rating in a report on Monday, October 5th. Finally, Sanford C. Bernstein initiated coverage on shares of Givaudan in a research note on Wednesday, July 22nd. They issued a “strong sell” rating on the stock. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Givaudan Stock Up 1.2%

The firm has a fifty day simple moving average of $85.00 and a two-hundred day simple moving average of $78.72.

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.