Edenred (OTCMKTS:EDNMY) Shares Up 6.3% – What’s Next?

Shares of Edenred (OTCMKTS:EDNMY) traded up 6.3% during trading on Monday . The company traded as high as $11.00 and last traded at $11.00. 137 shares traded hands during mid-day trading, a decline of 100% from the average session volume of 35,497 shares. The stock had previously closed at $10.35.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. UBS Group lowered shares of Edenred from a “strong-buy” rating to a “hold” rating in a report on Friday, January 23rd. Zacks Research raised shares of Edenred from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Edenred Stock Up 4.9%

The business’s fifty day moving average is $10.71 and its 200-day moving average is $12.06.

About Edenred

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.