UBS Group Reiterates €45.00 Price Target for Danone (EPA:BN)

Danone (EPA:BNGet Rating) has been given a €45.00 ($48.39) price target by equities researchers at UBS Group in a report issued on Wednesday, Borsen Zeitung reports. UBS Group’s target price indicates a potential downside of 14.50% from the stock’s previous close.

Several other equities analysts have also issued reports on BN. Deutsche Bank Aktiengesellschaft set a €60.00 ($64.52) target price on Danone in a research report on Wednesday, March 9th. Kepler Capital Markets set a €70.00 ($75.27) price objective on Danone in a research report on Tuesday, January 11th. Berenberg Bank set a €50.00 ($53.76) price objective on Danone in a research report on Thursday, March 24th. Royal Bank of Canada set a €49.00 ($52.69) price objective on Danone in a research report on Thursday, March 17th. Finally, The Goldman Sachs Group set a €50.00 ($53.76) price objective on Danone in a research report on Tuesday, April 5th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of €57.79 ($62.14).

BN stock traded down €0.04 ($0.04) during midday trading on Wednesday, reaching €52.63 ($56.59). The stock had a trading volume of 1,471,915 shares, compared to its average volume of 1,940,000. The business has a fifty day simple moving average of €52.52 and a two-hundred day simple moving average of €54.78. Danone has a twelve month low of €61.87 ($66.53) and a twelve month high of €72.13 ($77.56).

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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