Danone (EPA:BN) has been given a €51.50 ($58.52) price objective by analysts at The Goldman Sachs Group in a research note issued on Friday, Borsen Zeitung reports. The Goldman Sachs Group’s target price indicates a potential downside of 10.43% from the company’s current price.
BN has been the subject of a number of other research reports. Sanford C. Bernstein set a €54.00 ($61.36) price target on shares of Danone in a report on Monday, November 1st. Barclays set a €76.00 ($86.36) price target on shares of Danone in a report on Friday. Deutsche Bank Aktiengesellschaft set a €60.00 ($68.18) price objective on shares of Danone in a research note on Friday. UBS Group set a €45.00 ($51.14) price objective on shares of Danone in a research note on Tuesday, November 23rd. Finally, Credit Suisse Group set a €70.00 ($79.55) price objective on shares of Danone in a research note on Friday, October 22nd. Six investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Danone presently has an average rating of “Hold” and an average price target of €61.02 ($69.34).
EPA:BN traded up €0.69 ($0.78) during midday trading on Friday, reaching €57.50 ($65.34). 2,559,239 shares of the stock traded hands, compared to its average volume of 1,940,000. Danone has a 12-month low of €61.87 ($70.31) and a 12-month high of €72.13 ($81.97). The business has a 50-day moving average of €55.38 and a two-hundred day moving average of €58.24.
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.
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