Danone (OTCMKTS:DANOY) Rating Increased to Sector Perform at Royal Bank Of Canada

Danone (OTCMKTS:DANOY) was upgraded by stock analysts at Royal Bank Of Canada from an “underperform” rating to a “sector perform” rating in a report issued on Wednesday, October 18th, MarketBeat Ratings reports.

A number of other research analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Danone from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Monday, September 4th. Wells Fargo & Company started coverage on shares of Danone in a research note on Friday, September 15th. They set an “outperform” rating for the company. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Danone presently has an average rating of “Hold” and a consensus target price of $18.00.

Danone (DANOY) opened at 16.305 on Wednesday. Danone has a 12-month low of $12.21 and a 12-month high of $17.10. The company has a 50 day moving average of $16.14 and a 200-day moving average of $15.27. The stock has a market capitalization of $51.53 billion, a price-to-earnings ratio of 23.147 and a beta of 0.75.

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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.

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