Givaudan (OTCMKTS:GVDNY) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Givaudan (OTCMKTS:GVDNYGet Rating) from a sell rating to a hold rating in a research report sent to investors on Friday, Zacks.com reports.

According to Zacks, “Givaudan SA operates as the manufacturer and supplier of fragrance and flavor products offering its products to global, regional and local food, beverage, consumer goods and fragrance companies. Its Flavour division has four business units: Beverages, Dairy, Savoury and Sweet Goods and its product range includes TasteEssential, TasteSolutions, ByNature and PureDelivery. The Fragrance Division has three business units: Fine Fragrances, Consumer Products and Fragrance Ingredients. Givaudan fragrances can be experienced in the top brands of shampoos, soaps, deodorants, body lotions, candles, air fresheners, laundry detergents and fabric softeners. Givaudan SA is headquartered in Vernier, Switzerland. “

A number of other equities research analysts also recently commented on GVDNY. Barclays upped their price objective on Givaudan from CHF 3,600 to CHF 3,700 and gave the company an underweight rating in a report on Friday, April 22nd. Societe Generale upgraded Givaudan from a sell rating to a hold rating in a report on Thursday, March 10th. Finally, UBS Group dropped their price objective on Givaudan from CHF 4,050 to CHF 3,850 and set a neutral rating for the company in a report on Tuesday, March 29th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and an average price target of $1,570.78.

OTCMKTS GVDNY opened at $72.54 on Friday. The stock has a 50-day simple moving average of $79.73 and a 200 day simple moving average of $88.59. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 1.08. Givaudan has a 12 month low of $68.91 and a 12 month high of $105.80.

The firm also recently declared a dividend, which was paid on Wednesday, April 13th. Shareholders of record on Tuesday, March 29th were issued a $0.878 dividend. The ex-dividend date of this dividend was Monday, March 28th. This represents a dividend yield of 1.07%.

Givaudan Company Profile (Get Rating)

Givaudan SA, together with its subsidiaries, manufactures, supplies, and sells fragrance, beauty, taste, and wellbeing products to the consumer goods industry. The company operates through in divisions, Fragrance & Beauty, and Taste & Wellbeing. The Fragrance & Beauty division offers fine fragrances, consumer products, and fragrance ingredients and active beauty products.

Further Reading

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Analyst Recommendations for Givaudan (OTCMKTS:GVDNY)

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