Berenberg Bank Trims Givaudan (OTCMKTS:GVDNY) Target Price to CHF 3,800

Givaudan (OTCMKTS:GVDNYGet Rating) had its target price reduced by analysts at Berenberg Bank from CHF 4,500 to CHF 3,800 in a report issued on Tuesday, The Fly reports. The firm presently has a “buy” rating on the stock.

GVDNY has been the subject of a number of other reports. UBS Group cut shares of Givaudan from a “neutral” rating to a “sell” rating in a report on Thursday, July 14th. Barclays boosted their price target on shares of Givaudan from CHF 3,600 to CHF 3,700 and gave the company an “underweight” rating in a research report on Friday, April 22nd. JPMorgan Chase & Co. cut their price objective on Givaudan from CHF 3,950 to CHF 3,300 and set a “neutral” rating for the company in a report on Wednesday, June 29th. Finally, Sanford C. Bernstein downgraded shares of Givaudan from a “market perform” rating to an “underperform” rating in a research note on Tuesday, June 14th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $3,662.50.

Givaudan Stock Down 0.7 %

OTCMKTS:GVDNY opened at $68.30 on Tuesday. Givaudan has a one year low of $61.99 and a one year high of $105.80. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 1.08. The firm’s fifty day moving average price is $69.76 and its two-hundred day moving average price is $78.51.

About Givaudan

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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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