Danone (OTCMKTS:DANOY – Get Rating) had its price objective lifted by equities research analysts at Morgan Stanley from €55.00 ($59.14) to €56.00 ($60.22) in a research report issued on Thursday, The Fly reports. The firm currently has an “equal weight” rating on the stock.
Other equities analysts also recently issued research reports about the company. Credit Suisse Group increased their price objective on Danone from €54.00 ($58.06) to €56.00 ($60.22) and gave the stock a “neutral” rating in a report on Thursday. Royal Bank of Canada increased their price objective on Danone from €49.00 ($52.69) to €51.00 ($54.84) and gave the stock a “sector perform” rating in a report on Thursday. Societe Generale upgraded Danone from a “sell” rating to a “buy” rating in a report on Wednesday, March 9th. Zacks Investment Research upgraded Danone from a “sell” rating to a “hold” rating in a report on Monday, April 18th. Finally, Sanford C. Bernstein downgraded Danone from an “outperform” rating to a “market perform” rating in a report on Thursday. Five analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Danone currently has an average rating of “Hold” and a consensus target price of $47.60.
DANOY opened at $11.85 on Thursday. The stock has a fifty day simple moving average of $11.62 and a two-hundred day simple moving average of $12.32. The company has a current ratio of 1.09, a quick ratio of 0.91 and a debt-to-equity ratio of 0.72. Danone has a 12-month low of $10.21 and a 12-month high of $15.38.
Danone SA operates in the food and beverage industry in Europe, Noram, Latin America, the Asia Pacific, Africa, and the Middle East. The company operates through three segments: Essential Dairy & Plant-Based, Specialized Nutrition, and Waters. It produces and distributes yogurts; milk products; coffee creamers, drinks, and beverages; plant-based products; and ice creams, desserts, and nutritional powdered protein products under the Actimel, Activia, Alpro, Aptamil, Danette, Danio, Danonino, evian, Nutricia, Nutrilon, Volvic, as well as under the licensed brands, including International Delight, Dunkin' Donuts, and Bailey's.
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