Sodexo (OTCMKTS:SDXAY) Hits New 12-Month High – Still a Buy?

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAYGet Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $13.2350 and last traded at $13.2350, with a volume of 14954 shares traded. The stock had previously closed at $12.84.

Wall Street Analyst Weigh In

Several research analysts recently commented on SDXAY shares. Citigroup reissued a “neutral” rating on shares of Sodexo in a research report on Tuesday, July 14th. Jefferies Financial Group upgraded Sodexo from a “hold” rating to a “buy” rating in a research note on Monday, March 30th. Morgan Stanley reiterated an “underweight” rating on shares of Sodexo in a research note on Tuesday, July 7th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Sodexo in a research note on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Sodexo in a research note on Friday, July 3rd. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

View Our Latest Report on SDXAY

Sodexo Stock Up 2.8%

The stock’s fifty day moving average price is $11.65 and its 200-day moving average price is $10.81.

About Sodexo

(Get Free Report)

Sodexo is a global provider of integrated facilities management and food services, offering a wide range of solutions designed to enhance quality of life for clients across corporate, education, healthcare, remote site and sports & leisure markets. The company’s core activities include workplace dining and catering, reception and concierge services, cleaning and technical maintenance, security, grounds maintenance, and energy management. Sodexo partners with organizations to streamline operations, improve employee engagement and well-being, and ensure safe, sustainable environments.

Founded in 1966 by Pierre Bellon in Marseille, France, Sodexo has grown through both organic expansion and strategic acquisitions.

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