Givaudan (OTCMKTS:GVDNY) Shares Gap Up – Here’s What Happened

Givaudan SA (OTCMKTS:GVDNY) shares gapped up before the market opened on Tuesday. The stock had previously closed at $83.35, but opened at $90.58. Givaudan shares last traded at $90.25, with a volume of 1,554 shares traded.

Wall Street Analyst Weigh In

GVDNY has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Givaudan in a research note on Thursday, September 3rd. Jefferies Financial Group cut shares of Givaudan from a “buy” rating to a “hold” rating in a research report on Tuesday, September 1st. Sanford C. Bernstein began coverage on shares of Givaudan in a research note on Wednesday, July 22nd. They set a “strong sell” rating for the company. Citigroup restated a “neutral” rating on shares of Givaudan in a report on Friday, September 25th. Finally, Barclays upgraded Givaudan from an “equal weight” rating to an “overweight” rating in a report on Monday, October 5th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Givaudan Stock Performance

The company has a 50-day simple moving average of $81.14 and a two-hundred day simple moving average of $77.75.

About Givaudan

Givaudan SA is a Swiss company that develops and manufactures flavors, fragrances and related ingredients for consumer products. Its solutions are used in a wide range of applications, including food and beverages, fine fragrances, personal care products, household goods and oral care.

The company operates through flavor and fragrance activities, combining natural and synthetic ingredients with research, product development and sensory expertise. Givaudan also provides taste, scent and cosmetic solutions designed to support product performance, consumer preferences and brand identity.

Givaudan traces its origins to the late 18th century and has grown into an international business serving customers in markets around the world.