Givaudan (OTCMKTS:GVDNY) Hits New 12-Month High – What’s Next?

Givaudan SA (OTCMKTS:GVDNY) shares hit a new 52-week high during trading on Tuesday. The company traded as high as $96.0850 and last traded at $95.99, with a volume of 15,987 shares trading hands. The stock had previously closed at $94.86.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GVDNY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Givaudan in a research note on Thursday, September 3rd. Sanford C. Bernstein began coverage on Givaudan in a research report on Wednesday, July 22nd. They set a “strong sell” rating on the stock. Jefferies Financial Group lowered Givaudan from a “buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Barclays raised Givaudan from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 5th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Givaudan in a research report on Friday, September 25th. Three research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Givaudan currently has an average rating of “Hold”.

Givaudan Stock Up 1.2%

The stock has a fifty day moving average price of $82.17 and a 200-day moving average price of $78.70.

Givaudan Company Profile

Givaudan is a Swiss company that develops and produces flavors, fragrances and related ingredients for consumer and industrial products. Its solutions are used in a broad range of applications, including foods and beverages, fine fragrances, personal care products, household goods and oral care.

The company operates through two principal areas: Taste & Wellbeing, which provides flavors, taste-modulation solutions, natural extracts and functional ingredients; and Fragrance & Beauty, which develops fragrances, fragrance ingredients, cosmetic ingredients and active beauty solutions.