Edenred (OTCMKTS:EDNMY) Shares Gap Up – Here’s What Happened

Edenred (OTCMKTS:EDNMY) gapped up before the market opened on Wednesday . The stock had previously closed at $15.80, but opened at $17.00. Edenred shares last traded at $17.00, with a volume of 266 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on EDNMY shares. Zacks Research cut Edenred from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Edenred in a research note on Monday. Jefferies Financial Group reiterated a “hold” rating on shares of Edenred in a report on Wednesday, June 10th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Edenred in a report on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Edenred Stock Performance

The business has a 50-day moving average price of $13.94 and a 200-day moving average price of $12.13.

Edenred Company Profile

Edenred is a global leader in prepaid corporate services, offering a suite of digital and paper-based solutions designed to enhance employee benefits, streamline expense management and support corporate fleets. The company originated in 1962 as part of the Accor group and was listed as an independent entity on Euronext Paris in 2010. Today, Edenred operates under the Ticket Restaurant® brand, which remains a flagship offering for meal voucher programs, alongside a host of other employee engagement and incentive tools.

The company’s core products and services include employee benefits such as meal vouchers, food allowances and leisure gift certificates, as well as incentive and rewards programs that help organizations motivate and recognize their workforce.