Edenred (OTCMKTS:EDNMY) Hits New 52-Week High – Here’s What Happened
by Michael Walen · The Markets DailyEdenred (OTCMKTS:EDNMY – Get Free Report)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $17.80 and last traded at $17.80, with a volume of 159 shares changing hands. The stock had previously closed at $17.15.
Analysts Set New Price Targets
Several research analysts have weighed in on the company. Jefferies Financial Group reiterated a “hold” rating on shares of Edenred in a report on Wednesday, June 10th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Edenred in a research note on Monday, August 3rd. Zacks Research raised shares of Edenred from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 26th. Finally, Citigroup reiterated a “neutral” rating on shares of Edenred in a research note on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold”.
Read Our Latest Stock Analysis on Edenred
Edenred Trading Up 3.8%
The stock has a fifty day moving average of $15.58 and a 200 day moving average of $13.04.
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.