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

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) gapped up before the market opened on Wednesday . The stock had previously closed at $11.14, but opened at $11.6360. Sodexo shares last traded at $11.62, with a volume of 3,646 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on SDXAY shares. Jefferies Financial Group raised Sodexo from a “hold” rating to a “buy” rating in a report on Monday, March 30th. Morgan Stanley reissued an “underweight” rating on shares of Sodexo in a report on Thursday, May 21st. Finally, Citigroup reissued a “neutral” rating on shares of Sodexo in a report on Wednesday, May 20th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Sodexo Trading Up 3.5%

The company has a fifty day moving average price of $10.29 and a 200 day moving average price of $10.44.

Sodexo Company Profile

Sodexo is a global provider of integrated facilities management and food services, offering a wide range of solutions designed to enhance quality of life for clients across corporate, education, healthcare, remote site and sports & leisure markets. The company’s core activities include workplace dining and catering, reception and concierge services, cleaning and technical maintenance, security, grounds maintenance, and energy management. Sodexo partners with organizations to streamline operations, improve employee engagement and well-being, and ensure safe, sustainable environments.

Founded in 1966 by Pierre Bellon in Marseille, France, Sodexo has grown through both organic expansion and strategic acquisitions.