Edenred SA Plans Dividend of $0.35 (OTCMKTS:EDNMY)

Edenred SA (OTCMKTS:EDNMYGet Rating) declared a dividend on Wednesday, June 1st, investing.com reports. Shareholders of record on Monday, June 6th will be paid a dividend of 0.3462 per share on Friday, June 24th. This represents a yield of 1.39%. The ex-dividend date is Friday, June 3rd.

Shares of EDNMY opened at $24.90 on Wednesday. The company’s 50 day simple moving average is $24.95 and its 200-day simple moving average is $23.55. Edenred has a 12-month low of $20.37 and a 12-month high of $30.70.

A number of equities analysts have recently issued reports on EDNMY shares. Morgan Stanley raised their target price on shares of Edenred from €51.00 ($54.84) to €52.00 ($55.91) and gave the stock an “overweight” rating in a research report on Friday, April 22nd. Deutsche Bank Aktiengesellschaft increased their price target on Edenred from €52.00 ($55.91) to €54.20 ($58.28) in a report on Wednesday, April 20th. Finally, JPMorgan Chase & Co. increased their price target on Edenred from €56.00 ($60.22) to €58.00 ($62.37) in a report on Wednesday, February 23rd. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $48.55.

Edenred Company Profile (Get Rating)

Edenred SA provides transactional solutions for companies, employees, and merchants worldwide. It offers employee benefit solutions, including Ticket Restaurant, Ticket Alimentación, Ticket Transporte, Ticket Cultura, and Ticket CESU; and fleet and mobility solutions, such as Ticket Log, Ticket Car, and UTA.

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