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

Givaudan (OTCMKTS:GVDNY) was downgraded by Barclays from a “strong-buy” rating to a “hold” rating in a report released on Friday,Zacks.com reports.

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

Givaudan Stock Performance

OTCMKTS GVDNY opened at $66.08 on Friday. The business’s 50 day moving average is $76.00 and its two-hundred day moving average is $80.24. Givaudan has a 12-month low of $65.97 and a 12-month high of $103.39. The company has a current ratio of 1.74, a quick ratio of 1.13 and a debt-to-equity ratio of 0.92.

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.