Givaudan (OTCMKTS:GVDNY) Stock Price Crosses Above 50 Day Moving Average of $63.04

Givaudan SA (OTCMKTS:GVDNY – Get Rating)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $63.04 and traded as high as $63.10. Givaudan shares last traded at $62.88, with a volume of 38,190 shares changing hands.

Analysts Set New Price Targets

GVDNY has been the topic of several recent analyst reports. Berenberg Bank cut their price target on shares of Givaudan from CHF 3,600 to CHF 3,500 and set a “buy” rating on the stock in a report on Thursday, January 19th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Givaudan from CHF 3,150 to CHF 3,100 and set a “hold” rating on the stock in a report on Thursday, December 15th. Morgan Stanley cut shares of Givaudan from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 1st. Finally, JPMorgan Chase & Co. cut shares of Givaudan from a “neutral” rating to an “underweight” rating in a report on Thursday, December 1st. Five investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $3,096.67.

Givaudan Stock Down 1.5 %

The firm has a 50-day moving average price of $63.03 and a 200-day moving average price of $62.57. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 0.82.

Givaudan Company Profile

(Get Rating)

Givaudan SA is engaged in the manufacture and distribution of fragrance and flavour products. It operates through the following segments: Fragrance & Beauty and Taste & Wellbeing. The Fragrance and Beauty segment is engaged in the manufacture and sale of fragrance and beauty products into three global business units: Fine Fragrances, Consumer Products, and Fragrance Ingredients and Active Beauty.