Zacks Investment Research Upgrades Danone SA (DANOY) to “Hold”
Danone SA (NASDAQ:DANOY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and 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. “
Several other research analysts have also recently issued reports on the company. Deutsche Bank AG cut Danone SA from a “hold” rating to a “sell” rating in a research report on Friday, September 9th. Sanford C. Bernstein started coverage on Danone SA in a research report on Monday, October 3rd. They issued an “outperform” rating for the company. Finally, BNP Paribas reiterated a “buy” rating on shares of Danone SA in a research report on Thursday, October 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $16.00.
Danone SA (NASDAQ:DANOY) traded down 0.472% during trading on Monday, hitting $12.645. 793,136 shares of the stock traded hands. The firm’s 50-day moving average is $13.41 and its 200-day moving average 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.
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