Goldman Sachs Group Begins Coverage on Givaudan (OTCMKTS:SXYAY)

Research analysts at Goldman Sachs Group initiated coverage on shares of Givaudan (OTCMKTS:SXYAY) in a report issued on Wednesday, The Fly reports. The brokerage set a “buy” rating on the stock.

SXYAY has been the topic of a number of other research reports. Credit Suisse Group reiterated an “outperform” rating on shares of Givaudan in a report on Thursday, August 20th. Morgan Stanley restated an “equal weight” rating on shares of Givaudan in a research note on Friday, July 24th. Berenberg Bank restated a “buy” rating on shares of Givaudan in a research note on Tuesday, August 4th. Barclays assumed coverage on Givaudan in a research note on Thursday, July 16th. They set an “overweight” rating on the stock. Finally, UBS Group restated a “sell” rating on shares of Givaudan in a research note on Wednesday, July 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Givaudan has an average rating of “Hold”.

Givaudan stock traded down $0.02 during midday trading on Wednesday, reaching $24.06. The stock had a trading volume of 46,836 shares, compared to its average volume of 133,570. Givaudan has a twelve month low of $13.15 and a twelve month high of $24.25. The firm has a 50-day moving average price of $23.17.

Givaudan Company Profile

Sika AG, a specialty chemicals company, develops, produces, and sells systems and products for bonding, sealing, damping, reinforcing, and protecting in the building sector and motor vehicle industry worldwide. The company offers tile adhesives and tile grouts, and systems for under-tile waterproofing and sound reduction, as well as products for exterior and interior walls, such as wall-levelling products, decorative finish renders, and facade external insulation finish systems; and develops and markets various admixtures and additives for use in concrete, cement, and mortar production, as well as single-ply and built-up flat roofing systems.

Further Reading: Systematic Risk and Investors

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