Givaudan (OTCMKTS:GVDNY) Downgraded by Berenberg Bank to “Hold”

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

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

Givaudan Stock Up 0.8%

Shares of GVDNY opened at $67.81 on Tuesday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.13 and a current ratio of 1.74. Givaudan has a 1 year low of $65.97 and a 1 year high of $103.39. The stock’s fifty day moving average price is $75.54 and its two-hundred day moving average price is $79.89.

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.