Edenred (OTCMKTS:EDNMY) Shares Gap Up – Still a Buy?

Edenred (OTCMKTS:EDNMY)’s share price gapped up before the market opened on Monday . The stock had previously closed at $11.39, but opened at $12.00. Edenred shares last traded at $12.00, with a volume of 295 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Jefferies Financial Group reissued a “hold” rating on shares of Edenred in a report on Friday, April 17th. Citigroup reiterated a “neutral” rating on shares of Edenred in a research report on Friday, April 24th. Zacks Research cut shares of Edenred from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 8th. UBS Group lowered shares of Edenred from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, Kepler Capital Markets upgraded shares of Edenred to a “strong-buy” rating in a report on Sunday, March 15th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Edenred Stock Up 3.7%

The company has a fifty day moving average price of $11.00 and a two-hundred day moving average price of $11.22.

Edenred Company Profile

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.