Givaudan (OTCMKTS:GVDNY) Cut to Hold at Barclays

Barclays lowered shares of Givaudan (OTCMKTS:GVDNY) from a strong-buy rating to a hold rating in a research report released on Friday morning,Zacks.com reports.

Several other brokerages have also issued reports on GVDNY. Citigroup reiterated a “neutral” rating on shares of Givaudan in a report on Tuesday, February 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Givaudan in a research report on Friday, January 30th. Finally, The Goldman Sachs Group cut shares of Givaudan from a “strong-buy” rating to a “sell” rating in a research note on Tuesday, February 10th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Givaudan presently has a consensus rating of “Hold”.

Givaudan Stock Performance

Shares of OTCMKTS GVDNY opened at $66.08 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.13 and a current ratio of 1.74. Givaudan has a one year low of $65.97 and a one year high of $103.39. The business’s 50-day moving average price is $76.00 and its two-hundred day moving average price is $80.15.

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.