Edenred (OTCMKTS:EDNMY) Price Target Increased to €51.00 by Analysts at Morgan Stanley

Edenred (OTCMKTS:EDNMYGet Rating) had its price objective increased by research analysts at Morgan Stanley from €49.00 ($53.26) to €51.00 ($55.43) in a report released on Monday, The Fly reports.

Other analysts have also recently issued reports about the stock. JPMorgan Chase & Co. boosted their price objective on shares of Edenred from €56.00 ($60.87) to €58.00 ($63.04) in a research note on Wednesday, February 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Edenred from €51.50 ($55.98) to €52.00 ($56.52) in a research note on Wednesday, February 23rd. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Edenred presently has a consensus rating of “Buy” and a consensus target price of $47.75.

Shares of Edenred stock opened at $26.30 on Monday. The firm has a fifty day simple moving average of $23.19 and a 200-day simple moving average of $24.10. Edenred has a 1-year low of $20.37 and a 1-year high of $30.70.

About Edenred (Get Rating)

Edenred SA provides transactional solutions for companies, employees, and merchants worldwide. It offers employee benefit solutions, including Ticket Restaurant, Ticket Alimentación, Ticket Transporte, Ticket Cultura, Ticket CESU, and Ticket Plus; and fleet and mobility solutions, such as Ticket Log, Ticket Serviços, Ticket Car, and UTA.

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