Elior Group (OTCMKTS:ELROF) Stock Rating Lowered by Barclays

Elior Group (OTCMKTS:ELROFGet Rating) was downgraded by stock analysts at Barclays from an “equal weight” rating to an “underweight” rating in a research report issued on Monday, The Fly reports.

ELROF has been the subject of several other reports. Citigroup initiated coverage on shares of Elior Group in a research note on Friday, August 5th. They set a “neutral” rating for the company. Deutsche Bank Aktiengesellschaft cut their target price on shares of Elior Group from €2.50 ($2.58) to €2.20 ($2.27) and set a “hold” rating on the stock in a report on Wednesday, October 5th. JPMorgan Chase & Co. cut their target price on shares of Elior Group from €2.50 ($2.58) to €2.00 ($2.06) in a research note on Monday, September 26th. Finally, Berenberg Bank cut their target price on Elior Group from €6.50 ($6.70) to €4.00 ($4.12) and set a “buy” rating on the stock in a research report on Tuesday, August 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Elior Group has a consensus rating of “Hold” and a consensus price target of $2.80.

Elior Group Price Performance

OTCMKTS:ELROF opened at $2.85 on Monday. The firm’s 50 day moving average is $2.85 and its 200 day moving average is $3.37. Elior Group has a 12 month low of $2.85 and a 12 month high of $2.85.

About Elior Group

(Get Rating)

Elior Group SA offers contract catering and support services in France, the United States, the United Kingdom, Spain, Italy, India, and internationally. The company provides contract catering services to business, education, and health and welfare sectors under the Elior brand. It also offers a range of value-added services under the Elior Services brand, such as cleaning and hygiene services for hotels, industrial sites, shops and retail outlets, and food industries; biological cleaning and hospitality services in the healthcare sector; and facility management and support services, including reception, internal mail handling, minor repairs and maintenance, and gardening for corporate clients.

Further Reading

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Analyst Recommendations for Elior Group (OTCMKTS:ELROF)

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