Givaudan (OTCMKTS:GVDNY) Hits New 12-Month High – Time to Buy?

Givaudan SA (OTCMKTS:GVDNY) hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $91.87 and last traded at $91.62, with a volume of 26,535 shares trading hands. The stock had previously closed at $83.35.

Wall Street Analysts Forecast Growth

GVDNY has been the subject of several analyst reports. Sanford C. Bernstein started coverage on shares of Givaudan in a research report on Wednesday, July 22nd. They set a “strong sell” rating for the company. Citigroup reaffirmed a “neutral” rating on shares of Givaudan in a research note on Friday, September 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Givaudan in a report on Thursday, September 3rd. Barclays upgraded shares of Givaudan from an “equal weight” rating to an “overweight” rating in a research report on Monday, October 5th. Finally, Jefferies Financial Group downgraded Givaudan from a “buy” rating to a “hold” rating in a research note on Tuesday, September 1st. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold”.

Givaudan Trading Up 9.9%

The stock has a fifty day simple moving average of $81.32 and a 200-day simple moving average of $77.93.

About Givaudan

Givaudan SA is a Swiss company that develops and manufactures flavors, fragrances and related ingredients for consumer products. Its solutions are used in a wide range of applications, including food and beverages, fine fragrances, personal care products, household goods and oral care.

The company operates through flavor and fragrance activities, combining natural and synthetic ingredients with research, product development and sensory expertise. Givaudan also provides taste, scent and cosmetic solutions designed to support product performance, consumer preferences and brand identity.

Givaudan traces its origins to the late 18th century and has grown into an international business serving customers in markets around the world.