Citigroup Initiates Coverage on Elior Group (OTCMKTS:ELROF)

Citigroup started coverage on shares of Elior Group (OTCMKTS:ELROFGet Rating) in a research note issued to investors on Friday, The Fly reports. The firm issued a neutral rating on the stock.

ELROF has been the subject of several other reports. UBS Group lowered their target price on shares of Elior Group from €6.60 ($6.80) to €3.30 ($3.40) and set a neutral rating for the company in a research note on Friday, April 29th. HSBC cut Elior Group from a buy rating to a hold rating in a research note on Thursday, June 9th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Elior Group from €3.00 ($3.09) to €2.50 ($2.58) in a research note on Friday, July 15th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average price target of $2.90.

Elior Group Stock Performance

OTCMKTS:ELROF opened at $2.85 on Friday. The company’s 50-day simple moving average is $2.85 and its 200-day simple moving average is $5.25. Elior Group has a fifty-two week low of $2.85 and a fifty-two week high of $2.85.

Elior Group Company Profile

(Get Rating)

Elior Group SA offers contract catering and support services in France, the United States, the United Kingdom, Spain, Italy, India, and internationally. The company provides contract catering services to business, education, and health and welfare sectors under the Elior brand. It also offers a range of value-added services under the Elior Services brand, such as cleaning and hygiene services for hotels, industrial sites, shops and retail outlets, and food industries; biological cleaning and hospitality services in the healthcare sector; and facility management and support services, including reception, internal mail handling, minor repairs and maintenance, and gardening for corporate clients.

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Analyst Recommendations for Elior Group (OTCMKTS:ELROF)

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