Danone (DANOY) Lifted to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Danone (OTCMKTS:DANOY) from a hold rating to a buy rating in a report released on Friday. Zacks Investment Research currently has $18.00 price target 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 initiated coverage on shares of Danone in a research report on Friday. They set an outperform rating for the company. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Danone presently has a consensus rating of Buy and an average price target of $18.00.

Danone (OTCMKTS:DANOY) opened at 16.034 on Friday. The company has a market capitalization of $50.67 billion, a P/E ratio of 23.353 and a beta of 0.74. Danone has a one year low of $12.21 and a one year high of $17.10. The firm has a 50-day moving average of $15.79 and a 200 day moving average of $14.77.

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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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