Danone (DANOY) Upgraded to Buy by Zacks Investment Research

Zacks Investment Research upgraded shares of Danone (OTCMKTS:DANOY) from a hold rating to a buy rating in a report issued on Friday. Zacks Investment Research currently has $18.00 target price on the stock.

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. “

Separately, Wells Fargo & Company started coverage on Danone in a research note on Friday. They issued an outperform rating for the company. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Danone currently has an average rating of Buy and a consensus price target of $18.00.

Danone (OTCMKTS DANOY) traded down 0.68% during mid-day trading on Friday, hitting $16.10. 121,007 shares of the stock were exchanged. The company has a 50 day moving average price of $15.76 and a 200 day moving average price of $14.73. The stock has a market cap of $50.88 billion, a price-to-earnings ratio of 23.45 and a beta of 0.74. Danone has a 52 week low of $12.21 and a 52 week high of $17.10.

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About Danone

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.

Analyst Recommendations for Danone (OTCMKTS:DANOY)

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