Barclays Downgrades Givaudan (OTCMKTS:GVDNY) to Hold

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

Several other analysts also recently issued reports on GVDNY. Citigroup reissued a “neutral” rating on shares of Givaudan in a research note on Tuesday, February 3rd. The Goldman Sachs Group cut Givaudan from a “strong-buy” rating to a “sell” rating in a research report on Tuesday, February 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Givaudan in a report on Friday, January 30th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Givaudan Price Performance

OTCMKTS:GVDNY opened at $66.08 on Friday. Givaudan has a 12 month low of $65.97 and a 12 month high of $103.39. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.74 and a quick ratio of 1.13. The business’s 50-day moving average is $76.00 and its two-hundred day moving average is $80.18.

About Givaudan

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.