Danone (DANOY) Receives Average Rating of “Hold” from Brokerages
Shares of Danone (OTCMKTS:DANOY) have earned an average recommendation of “Hold” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $18.00.
Separately, Zacks Investment Research upgraded shares of Danone from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Wednesday, August 23rd.
Shares of Danone (DANOY) traded up 1.00% during trading on Friday, hitting $16.15. 154,451 shares of the stock were exchanged. The stock’s 50 day moving average is $15.59 and its 200-day moving average is $14.62. The stock has a market cap of $51.04 billion, a price-to-earnings ratio of 23.52 and a beta of 0.74. Danone has a 12-month low of $12.21 and a 12-month high of $17.10.
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Danone SA is engaged in holding directly or indirectly companies, and coordination of the main functions and activities. The Company operates through four segments: Fresh Dairy Products Division, Waters Division, Early Life Nutrition Division and Medical Nutrition Division. The Fresh Dairy Products Division produces and markets yogurts, fermented fresh dairy products and specialized dairy products.
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