Sodexo (OTCMKTS:SDXAY) Hits New 12-Month High – Here’s Why

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY)’s share price reached a new 52-week high on Tuesday. The stock traded as high as $13.7188 and last traded at $13.6975, with a volume of 18,735 shares traded. The stock had previously closed at $13.58.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Royal Bank Of Canada restated a “sector perform” rating on shares of Sodexo in a research report on Monday, July 20th. Citigroup reiterated a “neutral” rating on shares of Sodexo in a report on Monday, October 26th. Finally, Zacks Research raised Sodexo from a “strong sell” rating to a “hold” rating in a research note on Friday, September 18th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Sodexo Stock Down 0.4%

The firm’s fifty day moving average price is $12.92 and its 200-day moving average price is $11.69.

About Sodexo

Sodexo is a France-based provider of food services and facilities management. It prepares and serves meals and supports clients with services such as building maintenance, cleaning, reception, and workplace operations. The company serves organizations across a range of sectors, including business and industry, healthcare, education, sports and leisure, and government. Its operations span multiple countries, with services tailored to the needs of workplaces, schools, hospitals, and other institutions.