Givaudan (OTCMKTS:GVDNY) Share Price Crosses Above 50-Day Moving Average of $63.04

Givaudan SA (OTCMKTS:GVDNY – Get Rating) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $63.04 and traded as high as $63.10. Givaudan shares last traded at $62.88, with a volume of 38,190 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered Givaudan from a “neutral” rating to an “underweight” rating in a report on Thursday, December 1st. Deutsche Bank Aktiengesellschaft reduced their target price on Givaudan from CHF 3,150 to CHF 3,100 and set a “hold” rating for the company in a report on Thursday, December 15th. Berenberg Bank cut their price objective on Givaudan from CHF 3,600 to CHF 3,500 and set a “buy” rating for the company in a report on Thursday, January 19th. Finally, Morgan Stanley downgraded Givaudan from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 1st. Five research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $3,096.67.

Givaudan Price Performance

The business’s fifty day simple moving average is $63.04 and its 200 day simple moving average is $62.58. The company has a current ratio of 1.37, a quick ratio of 0.82 and a debt-to-equity ratio of 1.07.

Givaudan Company Profile

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Givaudan SA is engaged in the manufacture and distribution of fragrance and flavour products. It operates through the following segments: Fragrance & Beauty and Taste & Wellbeing. The Fragrance and Beauty segment is engaged in the manufacture and sale of fragrance and beauty products into three global business units: Fine Fragrances, Consumer Products, and Fragrance Ingredients and Active Beauty.