Edenred (OTCMKTS:EDNMY) Stock Price Up 6.4% – Still a Buy?

Shares of Edenred (OTCMKTS:EDNMY) rose 6.4% during trading on Wednesday . The stock traded as high as $15.00 and last traded at $15.00. 1,153 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 20,517 shares. The stock had previously closed at $14.10.

Analysts Set New Price Targets

EDNMY has been the subject of a number of research analyst reports. Citigroup restated a “neutral” rating on shares of Edenred in a research report on Friday, April 24th. Jefferies Financial Group reiterated a “hold” rating on shares of Edenred in a research report on Wednesday, June 10th. Finally, Zacks Research raised Edenred from a “strong sell” rating to a “hold” rating in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Edenred Price Performance

The firm’s 50-day moving average is $12.90 and its two-hundred day moving average is $11.56.

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.