Berenberg Bank Downgrades Givaudan (OTCMKTS:GVDNY) to Hold

Givaudan (OTCMKTS:GVDNY) was downgraded by analysts at Berenberg Bank from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other brokerages have also weighed in on GVDNY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Givaudan in a research report on Friday, January 30th. The Goldman Sachs Group lowered Givaudan from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, February 10th. Barclays cut shares of Givaudan from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. Zacks Research lowered shares of Givaudan from a “hold” rating to a “strong sell” rating in a report on Friday, March 27th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Givaudan in a research report on Tuesday, February 3rd. Two analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Givaudan has a consensus rating of “Hold”.

Givaudan Stock Performance

Shares of OTCMKTS:GVDNY opened at $68.23 on Tuesday. Givaudan has a 1 year low of $65.97 and a 1 year high of $103.39. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.13 and a current ratio of 1.74. The stock’s 50-day moving average is $75.30 and its 200 day moving average is $79.81.

Givaudan Company Profile

Givaudan is a Swiss-based global company that develops, manufactures and supplies flavors, fragrances and active cosmetic ingredients for a broad range of consumer products. The company’s core activities are organized around creating taste and scent solutions—ranging from fine fragrances and consumer-packaged goods scents to flavor systems for food and beverages and functional ingredients for personal care. Givaudan works with brand owners and manufacturers to design sensory experiences, improve product performance and meet formulation or regulatory requirements.

Its product and service offerings include bespoke fragrance creation, flavor formulation, natural ingredient sourcing, aroma chemicals, taste modulators and application support such as prototyping and sensory testing.