Danone (OTCMKTS:DANOY) Sets New 1-Year Low at $9.49

Danone S.A. (OTCMKTS:DANOYGet Rating) shares hit a new 52-week low on Friday . The company traded as low as $9.49 and last traded at $9.57, with a volume of 1614491 shares changing hands. The stock had previously closed at $9.84.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DANOY shares. Morgan Stanley lowered their price objective on Danone from €56.00 ($57.14) to €55.00 ($56.12) and set an “equal weight” rating on the stock in a report on Tuesday, June 28th. Royal Bank of Canada lifted their price objective on Danone from €51.00 ($52.04) to €55.00 ($56.12) in a report on Thursday, July 28th. Berenberg Bank raised Danone from a “sell” rating to a “hold” rating in a report on Tuesday, July 19th. Sanford C. Bernstein raised Danone from a “market perform” rating to an “outperform” rating in a report on Friday, July 22nd. Finally, DZ Bank raised Danone from a “hold” rating to a “buy” rating in a research note on Thursday, August 4th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Danone currently has a consensus rating of “Hold” and a consensus price target of $57.00.

Danone Stock Performance

The company has a 50 day moving average price of $10.61 and a 200 day moving average price of $11.13. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.91 and a current ratio of 1.09.

Danone Company Profile

(Get Rating)

Danone SA operates in the food and beverage industry in Europe, Noram, Latin America, the Asia Pacific, Africa, and the Middle East. The company operates through three segments: Essential Dairy & Plant-Based, Specialized Nutrition, and Waters. It produces and distributes yogurts; milk products; coffee creamers, drinks, and beverages; plant-based products; and ice creams, desserts, and nutritional powdered protein products under the Actimel, Activia, Alpro, Aptamil, Danette, Danio, Danonino, evian, Nutricia, Nutrilon, Volvic, as well as under the licensed brands, including International Delight, Dunkin' Donuts, and Bailey's.

Further Reading

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