Danone (OTCMKTS:DANOY – Get Rating) was downgraded by investment analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a report released on Thursday, The Fly reports.
Several other brokerages also recently commented on DANOY. Societe Generale upgraded Danone from a “sell” rating to a “buy” rating in a report on Wednesday, March 9th. Credit Suisse Group started coverage on Danone in a report on Thursday, February 3rd. They set a “neutral” rating on the stock. Morgan Stanley dropped their target price on Danone from €62.00 ($66.67) to €55.00 ($59.14) and set an “equal weight” rating on the stock in a report on Friday, April 1st. Royal Bank of Canada raised their target price on Danone from €51.00 ($54.84) to €56.00 ($60.22) and gave the company a “sector perform” rating in a report on Thursday, February 24th. Finally, Zacks Investment Research upgraded Danone from a “sell” rating to a “hold” rating in a report on Monday. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $42.00.
Shares of OTCMKTS:DANOY opened at $12.10 on Thursday. 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 one year low of $10.21 and a one year high of $15.38. The business’s 50-day simple moving average is $11.64 and its 200 day simple moving average is $12.34.
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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