Sodexo (OTCMKTS:SDXAY) Hits New 1-Year High – Here’s What Happened

Sodexo S.A. Sponsored ADR (OTCMKTS:SDXAY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $13.4050 and last traded at $13.3902, with a volume of 1706 shares changing hands. The stock had previously closed at $13.26.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Citigroup reissued a “neutral” rating on shares of Sodexo in a research report on Tuesday, July 14th. Morgan Stanley reaffirmed an “underweight” rating on shares of Sodexo in a report on Tuesday, July 7th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Sodexo in a research note on Monday, July 20th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Sodexo in a report on Friday, July 3rd. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold”.

Sodexo Stock Up 1.0%

The business has a 50 day moving average price of $12.47 and a two-hundred day moving average price of $11.26.

About Sodexo

Sodexo is a global provider of integrated facilities management and food services, offering a wide range of solutions designed to enhance quality of life for clients across corporate, education, healthcare, remote site and sports & leisure markets. The company’s core activities include workplace dining and catering, reception and concierge services, cleaning and technical maintenance, security, grounds maintenance, and energy management. Sodexo partners with organizations to streamline operations, improve employee engagement and well-being, and ensure safe, sustainable environments.

Founded in 1966 by Pierre Bellon in Marseille, France, Sodexo has grown through both organic expansion and strategic acquisitions.