Berenberg Bank Increases Edenred (OTCMKTS:EDNMY) Price Target to €42.00

Edenred (OTCMKTS:EDNMYGet Rating) had its price target raised by Berenberg Bank from €35.00 ($37.63) to €42.00 ($45.16) in a research note issued to investors on Thursday, The Fly reports.

A number of other research analysts have also commented on EDNMY. Deutsche Bank Aktiengesellschaft increased their price objective on Edenred from €52.00 ($55.91) to €54.20 ($58.28) in a research report on Wednesday, April 20th. JPMorgan Chase & Co. increased their price objective on Edenred from €56.00 ($60.22) to €58.00 ($62.37) in a research report on Wednesday, February 23rd. Finally, Morgan Stanley increased their price objective on Edenred from €51.00 ($54.84) to €52.00 ($55.91) and gave the company an “overweight” rating in a research report on Friday, April 22nd. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $47.24.

OTCMKTS EDNMY traded down $0.15 during trading hours on Thursday, reaching $23.75. 24,874 shares of the company’s stock were exchanged, compared to its average volume of 15,001. Edenred has a one year low of $20.37 and a one year high of $30.70. The firm has a fifty day moving average of $24.87 and a 200-day moving average of $23.52.

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.

See Also

The Fly logo

Analyst Recommendations for Edenred (OTCMKTS:EDNMY)

Want More Great Investing Ideas?

Receive News & Ratings for Edenred Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Edenred and related companies with MarketBeat.com's FREE daily email newsletter.