Sodexo (SDXAY) Stock Rating Lowered by Citigroup

Sodexo (OTCMKTS:SDXAY) was downgraded by stock analysts at Citigroup from a “buy” rating to a “neutral” rating in a research report issued on Sunday. They presently have a $20.76 target price on the business services provider’s stock. Citigroup’s target price would suggest a potential upside of 3.54% from the company’s current price.

SDXAY has been the subject of several other reports. ValuEngine raised shares of Sodexo from a “sell” rating to a “hold” rating in a research note on Monday, November 12th. JPMorgan Chase & Co. cut shares of Sodexo from a “neutral” rating to an “underweight” rating in a research note on Thursday, November 15th. BNP Paribas assumed coverage on shares of Sodexo in a research note on Friday, September 28th. They set an “underperform” rating for the company. Finally, Zacks Investment Research raised shares of Sodexo from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. Sodexo presently has a consensus rating of “Hold” and an average target price of $25.38.

OTCMKTS SDXAY traded down $0.03 during trading hours on Friday, reaching $20.05. 4,917 shares of the company’s stock were exchanged, compared to its average volume of 7,604. Sodexo has a one year low of $18.95 and a one year high of $27.22. The stock has a market cap of $14.78 billion, a price-to-earnings ratio of 3.61 and a beta of 0.66.

Sodexo Company Profile

Sodexo SA develops, manages, and delivers on-site, benefits and rewards, and personal and home services worldwide. It offers various on-site services, including construction, reception, medical equipment sterilization, cleaning, food, event management, and prisoner rehabilitation services to corporate, government, healthcare, senior, university, school, energy and resources, and sports and leisure customers.

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