Sodexo (OTCMKTS:SDXAY) Shares Gap Up – Should You Buy?

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY)’s stock price gapped up prior to trading on Friday. The stock had previously closed at $12.68, but opened at $13.51. Sodexo shares last traded at $13.4920, with a volume of 22,505 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SDXAY shares. Royal Bank Of Canada restated a “sector perform” rating on shares of Sodexo in a research note on Monday, July 20th. Zacks Research upgraded Sodexo from a “strong sell” rating to a “hold” rating in a research report on Friday, September 18th. Citigroup reissued a “neutral” rating on shares of Sodexo in a report on Wednesday, September 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Sodexo in a research note on Friday, July 3rd. Finally, Morgan Stanley reaffirmed an “underweight” rating on shares of Sodexo in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

Sodexo Price Performance

The stock’s 50 day simple moving average is $12.90 and its 200-day simple moving average is $11.93.

About Sodexo

Sodexo SA is a France-based company that provides food services and facilities management solutions to organizations and institutions. Its services include catering, food preparation, hospitality, cleaning, maintenance, reception, security, workplace management and other support services designed to help clients operate their facilities.

The company serves a broad range of customers, including businesses, hospitals and healthcare facilities, schools and universities, government agencies, sports and leisure venues, and remote work sites.