Sodexo (OTCMKTS:SDXAY) Shares Gap Down - What's Next?

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $12.52, but opened at $12.22. Sodexo shares last traded at $12.12, with a volume of 3,460 shares traded.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Barclays cut Sodexo from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 27th. Hsbc Global Res cut Sodexo from a "strong-buy" rating to a "hold" rating in a report on Thursday, March 27th. The Goldman Sachs Group cut Sodexo from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 26th. Deutsche Bank Aktiengesellschaft lowered Sodexo to a "hold" rating in a research report on Friday, March 21st. Finally, HSBC lowered Sodexo to a "hold" rating in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, Sodexo presently has an average rating of "Hold".

Sodexo Price Performance

The business has a 50-day simple moving average of $12.85 and a 200 day simple moving average of $14.28.

About Sodexo

Sodexo SA provides food services and facilities management services worldwide. It offers various on-site services, which includes corporate services, energy and resources, government and agencies, and other services; healthcare and seniors; and learning solutions to schools and universities. The company also provides food services comprising retail service, food delivery, and meal and food vouchers, as well as digital food ordering services; savings and purchase solutions, data and digital tools, and advisory services and client support; and work-life balance and employee experience solutions.