Givaudan (OTCMKTS:GVDNY) Cut to “Hold” at Berenberg Bank

Berenberg Bank cut shares of Givaudan (OTCMKTS:GVDNY) from a strong-buy rating to a hold rating in a research report report published on Tuesday,Zacks.com reports.

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

Givaudan Stock Performance

Shares of GVDNY stock opened at $68.24 on Tuesday. The stock’s fifty day simple moving average is $75.06 and its 200 day simple moving average is $79.73. The company has a quick ratio of 1.13, a current ratio of 1.74 and a debt-to-equity ratio of 0.92. Givaudan has a one year low of $65.97 and a one year high of $103.39.

About Givaudan

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.