Danone SA (NASDAQ:DANOY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday.
According to Zacks, “Danone SA is engaged in food processing activities primarily in France and internationally. The Company operates in four business lines: Fresh Dairy Products, Waters, Baby Nutrition, and Medical Nutrition. The Fresh Dairy Products division produces and markets yogurts, fermented fresh dairy products, and other specialized fresh dairy products .The Waters division produces and distributes packaged natural, flavored, and vitamin-enriched water. The Baby Nutrition division provides food for infants and toddlers to complement breast-feeding. The Medical Nutrition division offers products to treat disease-related to malnutrition. Danone SA, formerly known as Groupe Danone, is based in Paris, France. “
A number of other research firms have also issued reports on DANOY. BNP Paribas restated a “buy” rating on shares of Danone SA in a report on Thursday, October 20th. Deutsche Bank AG lowered shares of Danone SA from a “hold” rating to a “sell” rating in a research note on Friday, September 9th. Finally, Sanford C. Bernstein initiated coverage on shares of Danone SA in a research note on Monday, October 3rd. They set an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Danone SA has an average rating of “Hold” and an average target price of $16.00.
Danone SA (NASDAQ:DANOY) traded down 0.472% during trading on Monday, hitting $12.645. The stock had a trading volume of 793,136 shares. Danone SA has a 12 month low of $12.34 and a 12 month high of $15.77. The firm has a 50 day moving average of $13.41 and a 200-day moving average of $14.28.
About Danone SA
Danone SA is a France-based food company. The Company is the parent company of the Danone Group (Group). The Company has mainly a role of holding, directly or indirectly, companies of the Group, and coordinating the Group’s main functions and activities. The Group is organized around its four divisions.