Danone SA (NASDAQ:DANOY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued 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. “
Other equities research analysts also recently issued reports about the company. Sanford C. Bernstein assumed coverage on Danone SA in a report on Monday, October 3rd. They issued an “outperform” rating for the company. BNP Paribas restated a “buy” rating on shares of Danone SA in a research report on Thursday, October 20th. Finally, Deutsche Bank AG lowered Danone SA from a “hold” rating to a “sell” rating in a research report on Friday, September 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Danone SA presently has an average rating of “Hold” and an average price target of $16.00.
Shares of Danone SA (NASDAQ:DANOY) traded down 0.472% on Monday, hitting $12.645. The stock had a trading volume of 793,136 shares. The company’s 50-day moving average price is $13.41 and its 200 day moving average price is $14.28. Danone SA has a 12-month low of $12.34 and a 12-month high of $15.77.
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.