Givaudan (OTCMKTS:GVDNY) Downgraded to Hold Rating by Barclays

Key Points

• Barclays downgraded Givaudan (OTCMKTS:GVDNY) from a strong-buy to a Hold in a report released Friday.
• Analyst coverage is mixed with an average rating of Hold: two Buy, two Hold and one Sell, and notable recent moves include Goldman Sachs cutting its rating to Sell while Deutsche Bank remains Buy.
• Shares opened at $66.08, trading near the 12‑month low of $65.97 and well below the 50‑day ($76.00) and 200‑day ($80.24) moving averages.

Givaudan (OTCMKTS:GVDNY - Get Free Report) was downgraded by equities researchers at Barclays from a "strong-buy" rating to a "hold" rating in a research report issued to clients and investors on Friday,Zacks.com reports.

GVDNY has been the topic of a number of other reports. Citigroup restated a "neutral" rating on shares of Givaudan in a research note on Tuesday, February 3rd. The Goldman Sachs Group downgraded shares of Givaudan from a "strong-buy" rating to a "sell" rating in a research note on Tuesday, February 10th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Givaudan in a report on Friday, January 30th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold".

Givaudan Stock Down 0.2%

Shares of Givaudan stock opened at $66.08 on Friday. The firm's fifty day simple moving average is $76.00 and its 200-day simple moving average is $80.24. Givaudan has a 12 month low of $65.97 and a 12 month high of $103.39. The company has a quick ratio of 1.13, a current ratio of 1.74 and a debt-to-equity ratio of 0.92.

Givaudan Company Profile

Givaudan is a Swiss-based global company that develops, manufactures and supplies flavors, fragrances and active cosmetic ingredients for a broad range of consumer products. The company's core activities are organized around creating taste and scent solutions—ranging from fine fragrances and consumer-packaged goods scents to flavor systems for food and beverages and functional ingredients for personal care. Givaudan works with brand owners and manufacturers to design sensory experiences, improve product performance and meet formulation or regulatory requirements.

Its product and service offerings include bespoke fragrance creation, flavor formulation, natural ingredient sourcing, aroma chemicals, taste modulators and application support such as prototyping and sensory testing.

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