Danone (EPA:BN) received a €50.00 ($58.82) price objective from Sanford C. Bernstein in a report issued on Monday, Borsen Zeitung reports. The brokerage presently has a “sell” rating on the stock. Sanford C. Bernstein’s price objective suggests a potential downside of 16.07% from the company’s current price.
BN has been the topic of several other reports. Royal Bank of Canada set a €64.00 ($75.29) target price on shares of Danone and gave the company a “neutral” rating in a report on Monday, March 15th. Jefferies Financial Group set a €70.00 ($82.35) price target on shares of Danone and gave the company a “buy” rating in a research note on Monday, March 22nd. The Goldman Sachs Group set a €60.00 ($70.59) price target on shares of Danone and gave the company a “neutral” rating in a research note on Tuesday, March 30th. Barclays set a €65.00 ($76.47) price target on shares of Danone and gave the company a “buy” rating in a research note on Tuesday, March 2nd. Finally, JPMorgan Chase & Co. set a €58.00 ($68.24) price target on shares of Danone and gave the company a “neutral” rating in a research note on Thursday, March 25th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Danone presently has a consensus rating of “Hold” and an average target price of €60.69 ($71.40).
Shares of Danone stock opened at €59.57 ($70.08) on Monday. Danone has a 1 year low of €61.87 ($72.79) and a 1 year high of €72.13 ($84.86). The firm has a fifty day moving average price of €58.27 and a 200 day moving average price of €54.65.
Danone Company Profile
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 Danone, Danonino or Prostokvashino, Light & Free, Actimel, Activia, Oikos, Danette, Danissimo, YoPRO, Horizon, SToK, Silk, So Delicious, Vega, and Alpro brands, as well as under the license brands, including International Delight, Dunkin' Donuts, and Bailey's.
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