UBS analyst Justin Forsythe maintained a Buy rating on EDENRED (0MUM – Research Report) today and set a price target of €49.00. The company’s shares closed yesterday at €31.98.
According to TipRanks, Forsythe is ranked #2214 out of 9127 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for EDENRED with a €49.97 average price target, a 56.25% upside from current levels. In a report released on October 8, Kepler Capital also maintained a Buy rating on the stock with a €60.00 price target.
0MUM market cap is currently €8.37B and has a P/E ratio of 28.47.
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EDENRED (0MUM) Company Description:
Edenred is a France-listed prepaid corporate services provider operating in 46 countries. The company was listed in 2010 following a spin-off from hotel group Accor. Edenred’s main business, Ticket Restaurant, offers prepaid meal vouchers that employers provide to their employees as an additional benefit. The company is also involved in other areas such as prepaid fuel cards and payment and expense-management systems.
