Givaudan (OTCMKTS:GVDNY) Upgraded by Zacks Investment Research to Buy

Givaudan (OTCMKTS:GVDNY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday, reports. The brokerage currently has a $109.00 target price on the stock. Zacks Investment Research‘s price target indicates a potential upside of 11.98% from the company’s previous close.

According to Zacks, “Givaudan SA operates as the manufacturer and supplier of fragrance and flavor products offering its products to global, regional and local food, beverage, consumer goods and fragrance companies. Its Flavour division has four business units: Beverages, Dairy, Savoury and Sweet Goods and its product range includes TasteEssential, TasteSolutions, ByNature and PureDelivery. The Fragrance Division has three business units: Fine Fragrances, Consumer Products and Fragrance Ingredients. Givaudan fragrances can be experienced in the top brands of shampoos, soaps, deodorants, body lotions, candles, air fresheners, laundry detergents and fabric softeners. Givaudan SA is headquartered in Vernier, Switzerland. “

A number of other research firms have also recently issued reports on GVDNY. The Goldman Sachs Group raised Givaudan from a “sell” rating to a “neutral” rating in a research report on Thursday, July 1st. UBS Group reissued a “buy” rating on shares of Givaudan in a research report on Wednesday, July 14th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Givaudan in a research report on Thursday, April 1st. Morgan Stanley set a $95.03 price objective on Givaudan and gave the company an “equal weight” rating in a research report on Monday, July 12th. Finally, Barclays reissued an “underweight” rating on shares of Givaudan in a research report on Tuesday, May 18th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. Givaudan presently has a consensus rating of “Hold” and an average target price of $102.02.

Shares of Givaudan stock traded up $0.25 during midday trading on Wednesday, hitting $97.34. The company’s stock had a trading volume of 58,794 shares, compared to its average volume of 23,743. The stock has a market cap of $44.94 billion, a price-to-earnings ratio of 54.08 and a beta of 0.48. The company’s 50-day simple moving average is $92.22. Givaudan has a 1-year low of $73.05 and a 1-year high of $97.80.

Givaudan Company Profile

Givaudan SA, together with its subsidiaries, manufactures, supplies, and sells fragrance, beauty, flavor, and wellbeing products to the consumer goods industries. The company operates through two divisions, Fragrance & Beauty and Taste & Wellbeing. The Fragrance & Beauty division provides fine fragrances, consumer products, and fragrance ingredients and active beauty products.

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