Givaudan (OTCMKTS:GVDNY) Shares Pass Below 50-Day Moving Average of $64.45

Givaudan SA (OTCMKTS:GVDNYGet Rating) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $64.45 and traded as low as $64.04. Givaudan shares last traded at $64.48, with a volume of 22,829 shares changing hands.

Analysts Set New Price Targets

A number of research firms have issued reports on GVDNY. Credit Suisse Group cut their price objective on shares of Givaudan from CHF 2,900 to CHF 2,400 in a report on Wednesday, October 12th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Givaudan from CHF 3,150 to CHF 3,100 and set a “hold” rating for the company in a report on Thursday, December 15th. JPMorgan Chase & Co. downgraded shares of Givaudan from a “neutral” rating to an “underweight” rating in a report on Thursday, December 1st. Morgan Stanley raised shares of Givaudan from an “equal weight” rating to an “overweight” rating in a report on Monday, September 26th. Finally, Citigroup upgraded shares of Givaudan from a “neutral” rating to a “buy” rating in a research report on Thursday, September 29th. Five analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $3,146.67.

Givaudan Stock Down 0.9 %

The company has a 50 day moving average price of $64.45 and a 200-day moving average price of $64.51.

Givaudan Company Profile

(Get Rating)

Givaudan SA, together with its subsidiaries, manufactures, supplies, and sells fragrance, beauty, taste, and wellbeing products to the consumer goods industry. The company operates through in divisions, Fragrance & Beauty, and Taste & Wellbeing. The Fragrance & Beauty division offers fine fragrances, consumer products, and fragrance ingredients and active beauty products.

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