Berenberg Bank Downgrades Givaudan (OTCMKTS:GVDNY) to Hold

Givaudan (OTCMKTS:GVDNY) was downgraded by analysts at Berenberg Bank from a “strong-buy” rating to a “hold” rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other equities analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Givaudan in a research note on Friday, January 30th. The Goldman Sachs Group lowered Givaudan from a “strong-buy” rating to a “sell” rating in a report on Tuesday, February 10th. Barclays cut Givaudan from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 27th. Zacks Research downgraded Givaudan from a “hold” rating to a “strong sell” rating in a report on Friday, March 27th. Finally, Citigroup reiterated a “neutral” rating on shares of Givaudan in a research report on Tuesday, February 3rd. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Givaudan Stock Up 0.8%

OTCMKTS:GVDNY opened at $67.81 on Tuesday. The company has a current ratio of 1.74, a quick ratio of 1.13 and a debt-to-equity ratio of 0.92. Givaudan has a 12 month low of $65.97 and a 12 month high of $103.39. The firm has a fifty day simple moving average of $75.54 and a 200-day simple moving average of $79.89.

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.