Danone (OTCMKTS:DANOY) PT Raised to €56.00 at Credit Suisse Group

Danone (OTCMKTS:DANOYGet Rating) had its price objective lifted by equities researchers at Credit Suisse Group from €54.00 ($58.06) to €56.00 ($60.22) in a research note issued on Thursday, The Fly reports. The brokerage currently has a “neutral” rating on the stock.

Several other research firms have also recently weighed in on DANOY. Morgan Stanley reduced their price objective on Danone from €62.00 ($66.67) to €55.00 ($59.14) and set an “equal weight” rating for the company in a research report on Friday, April 1st. Zacks Investment Research raised Danone from a “sell” rating to a “hold” rating in a research report on Monday. Sanford C. Bernstein cut Danone from an “outperform” rating to a “market perform” rating in a research report on Thursday. Royal Bank of Canada increased their price target on Danone from €49.00 ($52.69) to €51.00 ($54.84) and gave the company a “sector perform” rating in a research report on Thursday. Finally, Societe Generale raised Danone from a “sell” rating to a “buy” rating in a research report on Wednesday, March 9th. Five analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $47.60.

Shares of DANOY stock traded up $0.67 on Thursday, hitting $12.10. 367,088 shares of the stock were exchanged, compared to its average volume of 789,360. The company has a quick ratio of 0.91, a current ratio of 1.09 and a debt-to-equity ratio of 0.72. The business has a 50-day moving average of $11.64 and a 200 day moving average of $12.34. Danone has a fifty-two week low of $10.21 and a fifty-two week high of $15.38.

About Danone (Get Rating)

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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