Edenred (OTCMKTS:EDNMY) Price Target Increased to €52.00 by Analysts at Morgan Stanley

Edenred (OTCMKTS:EDNMY – Get Rating) had its price objective hoisted by research analysts at Morgan Stanley from €51.00 ($54.84) to €52.00 ($55.91) in a report released on Friday, The Fly reports. The firm currently has an “overweight” rating on the stock.

Other equities analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Edenred from €52.00 ($55.91) to €54.20 ($58.28) in a research note on Wednesday. JPMorgan Chase & Co. increased their target price on shares of Edenred from €56.00 ($60.22) to €58.00 ($62.37) in a report on Wednesday, February 23rd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $48.55.

Edenred stock traded down $0.55 during mid-day trading on Friday, reaching $26.00. The stock had a trading volume of 7,640 shares, compared to its average volume of 29,224. The company has a 50-day moving average price of $24.00 and a two-hundred day moving average price of $24.10. Edenred has a one year low of $20.37 and a one year high of $30.70.

Edenred Company Profile (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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