Shares of Edenred (OTCMKTS:EDNMY – Get Free Report) saw unusually-high trading volume on Thursday. Approximately 84,757 shares changed hands during mid-day trading, an increase of 353% from the previous session’s volume of 18,695 shares. The stock last traded at $15.07 and had previously closed at $15.63.
Analysts Set New Price Targets
Several brokerages have issued reports on EDNMY. Citigroup reaffirmed a “neutral” rating on shares of Edenred in a report on Thursday, July 30th. Morgan Stanley reissued an “overweight” rating on shares of Edenred in a research report on Monday, September 21st. Jefferies Financial Group restated a “hold” rating on shares of Edenred in a research note on Wednesday, June 10th. Zacks Research raised shares of Edenred from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Edenred in a research note on Monday, August 3rd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy”.
Read Our Latest Stock Report on EDNMY
Edenred Trading Up 2.1%
Edenred Company Profile
Edenred SE is a France-based provider of digital payment and transaction solutions for businesses, employees and public-sector organizations. The company connects employers, merchants and employees through platforms designed to manage benefits, payments and business expenses.
Its services include employee benefits such as meal and food vouchers, mobility and wellness benefits, corporate payment solutions, expense management tools, and fleet and mobility services. Edenred also provides solutions for fuel, tolls, vehicle maintenance, incentives and rewards, as well as selected public-sector programs.
The company traces its origins to the Ticket Restaurant meal-voucher business created in 1962.
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