Deutsche Bank Reaffirms Their Hold Rating on Givaudan SA (GIVN)

Deutsche Bank analyst Virginie Boucher-Ferte maintained a Hold rating on Givaudan SA today and set a price target of CHF3,300.00. The company’s shares opened today at CHF3,391.00.

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Boucher-Ferte covers the Basic Materials sector, focusing on stocks such as Arkema, BASF SE, and Evonik. According to TipRanks, Boucher-Ferte has an average return of 1.2% and a 49.79% success rate on recommended stocks.

Givaudan SA has an analyst consensus of Moderate Buy, with a price target consensus of CHF3,907.36, implying a 15.23% upside from current levels. In a report released today, Barclays also maintained a Hold rating on the stock with a CHF3,900.00 price target.

Based on Givaudan SA’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of CHF1.93 billion and a net profit of CHF296 million. In comparison, last year the company earned a revenue of CHF3.74 billion and had a net profit of CHF588 million