Sodexo (OTCMKTS:SDXAY) Shares Gap Up – What’s Next?

Shares of Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY) gapped up prior to trading on Friday. The stock had previously closed at $12.68, but opened at $13.51. Sodexo shares last traded at $13.4920, with a volume of 22,505 shares.

Analysts Set New Price Targets

Several equities analysts have recently commented on SDXAY shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Sodexo in a research note on Friday, July 3rd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Sodexo in a research report on Monday, July 20th. Morgan Stanley restated an “underweight” rating on shares of Sodexo in a research note on Tuesday, July 7th. Zacks Research raised Sodexo from a “strong sell” rating to a “hold” rating in a research note on Friday, September 18th. Finally, Citigroup restated a “neutral” rating on shares of Sodexo in a research report on Wednesday, September 9th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Sodexo Stock Performance

The firm’s 50 day simple moving average is $12.90 and its 200-day simple moving average is $11.93.

About Sodexo

Sodexo SA is a France-based company that provides food services and facilities management solutions to organizations and institutions. Its services include catering, food preparation, hospitality, cleaning, maintenance, reception, security, workplace management and other support services designed to help clients operate their facilities.

The company serves a broad range of customers, including businesses, hospitals and healthcare facilities, schools and universities, government agencies, sports and leisure venues, and remote work sites.