Edenred (OTCMKTS:EDNMY) Shares Gap Up – Should You Buy?

Edenred (OTCMKTS:EDNMY) shares gapped up prior to trading on Thursday . The stock had previously closed at $12.00, but opened at $13.90. Edenred shares last traded at $13.90, with a volume of 190 shares trading hands.

Analysts Set New Price Targets

A number of research firms have recently commented on EDNMY. Zacks Research raised Edenred from a “strong sell” rating to a “hold” rating in a research report on Monday, June 1st. Citigroup reissued a “neutral” rating on shares of Edenred in a research note on Friday, April 24th. Kepler Capital Markets upgraded shares of Edenred to a “strong-buy” rating in a report on Sunday, March 15th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Edenred in a research note on Wednesday, June 10th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Edenred Trading Up 16.7%

The firm has a 50-day moving average price of $12.29 and a two-hundred day moving average price of $11.22.

About Edenred

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.