Givaudan (OTCMKTS:GVDNY) Shares Gap Up – Here’s What Happened

Givaudan SA (OTCMKTS:GVDNY) gapped up before the market opened on Tuesday. The stock had previously closed at $83.35, but opened at $90.58. Givaudan shares last traded at $90.25, with a volume of 1,554 shares traded.

Analysts Set New Price Targets

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

Givaudan Stock Down 0.0%

The business has a fifty day moving average of $81.46 and a 200 day moving average of $78.10.

Givaudan Company Profile

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.