Danone (EPA:BN – Get Rating) has been given a €49.00 ($52.69) price target by Royal Bank of Canada in a note issued to investors on Wednesday, Borsen Zeitung reports. Royal Bank of Canada’s target price would indicate a potential downside of 6.90% from the stock’s current price.
Other research analysts also recently issued research reports about the company. Kepler Capital Markets set a €70.00 ($75.27) target price on Danone in a report on Tuesday, January 11th. Jefferies Financial Group set a €58.50 ($62.90) target price on Danone in a report on Wednesday. Deutsche Bank Aktiengesellschaft set a €60.00 ($64.52) target price on Danone in a report on Wednesday, March 9th. The Goldman Sachs Group set a €50.00 ($53.76) price target on Danone in a research note on Tuesday, April 5th. Finally, Sanford C. Bernstein set a €56.00 ($60.22) price target on Danone in a research note on Wednesday. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of €57.79 ($62.14).
Shares of BN stock traded down €0.04 ($0.04) during midday trading on Wednesday, reaching €52.63 ($56.59). 1,471,915 shares of the stock were exchanged, compared to its average volume of 1,940,000. Danone has a 1 year low of €61.87 ($66.53) and a 1 year high of €72.13 ($77.56). The company’s 50 day moving average is €52.52 and its two-hundred day moving average is €54.78.
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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