Zacks: Danone SA (NASDAQ:DANOY) Receives Average Rating of “Strong Buy” from Analysts
Danone SA (NASDAQ:DANOY) has earned an average broker rating score of 1.40 (Strong Buy) from the five brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and four have given a strong buy rating to the company. Danone SA’s rating score has improved by 30% from three months ago as a result of various analysts’ ratings changes.
Brokerages have set a twelve-month consensus target price of $15.85 for the company, according to Zacks. Zacks has also assigned Danone SA an industry rank of 170 out of 265 based on the ratings given to its competitors.
DANOY has been the subject of a number of analyst reports. Zacks Investment Research raised Danone SA from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Tuesday, September 13th. Deutsche Bank AG downgraded Danone SA from a “hold” rating to a “sell” rating in a research report on Friday, September 9th. Finally, JPMorgan Chase & Co. raised Danone SA from an “underweight” rating to a “neutral” rating in a research report on Tuesday, July 12th.
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Danone SA (NASDAQ:DANOY) traded up 0.14% during trading on Tuesday, reaching $14.43. 504,107 shares of the company’s stock were exchanged. Danone SA has a 52 week low of $12.10 and a 52 week high of $15.77. The stock has a 50-day moving average of $15.26 and a 200-day moving average of $14.37. The stock has a market capitalization of $44.50 billion and a PE ratio of 22.69.
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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