Givaudan (OTCMKTS:GVDNY) Lifted to “Hold” at Zacks Investment Research

Givaudan (OTCMKTS:GVDNY – Get Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Thursday, 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. “

Other equities research analysts have also issued research reports about the company. UBS Group dropped their target price on Givaudan from CHF 4,050 to CHF 3,850 and set a “neutral” rating on the stock in a research report on Tuesday, March 29th. Barclays lifted their target price on Givaudan from CHF 3,600 to CHF 3,700 and gave the company an “underweight” rating in a research report on Friday, April 22nd. Finally, Societe Generale raised Givaudan from a “sell” rating to a “hold” rating in a research report on Thursday, March 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $1,570.78.

GVDNY traded up $0.07 during midday trading on Thursday, reaching $73.75. 48,426 shares of the company were exchanged, compared to its average volume of 37,264. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.47 and a quick ratio of 0.87. Givaudan has a one year low of $68.91 and a one year high of $105.80. The stock’s 50-day simple moving average is $79.09 and its 200 day simple moving average is $87.36.

About Givaudan (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.

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