Berenberg Bank set a €64.00 ($74.42) target price on Danone (EPA:BN) in a research report sent to investors on Wednesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
A number of other research analysts also recently weighed in on BN. HSBC set a €72.00 ($83.72) target price on Danone and gave the stock a neutral rating in a report on Wednesday, January 8th. Deutsche Bank set a €88.00 ($102.33) price target on Danone and gave the stock a buy rating in a research note on Thursday, February 27th. Credit Suisse Group set a €74.00 ($86.05) price target on Danone and gave the stock a neutral rating in a research note on Wednesday, February 26th. Kepler Capital Markets set a €67.00 ($77.91) price target on Danone and gave the stock a neutral rating in a research note on Friday, March 6th. Finally, JPMorgan Chase & Co. set a €65.00 ($75.58) price target on Danone and gave the stock a buy rating in a research note on Tuesday, March 17th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has an average rating of Hold and an average target price of €73.13 ($85.04).
Shares of BN stock traded up €1.20 ($1.40) during midday trading on Wednesday, reaching €58.56 ($68.09). 2,965,354 shares of the stock were exchanged, compared to its average volume of 1,940,000. Danone has a 1 year low of €61.87 ($71.94) and a 1 year high of €72.13 ($83.87). The company’s 50 day moving average is €64.81 and its two-hundred day moving average is €72.86.
Danone SA operates in the food and beverage industry worldwide. The company operates through four segments: EDP International, EDP Noram, Specialized Nutrition, and Waters. It offers yogurts under the DanActive, Danimals, Dannon, Danonino, Light & Fit, Oikos, Wallaby, YoCrunch, Danone, Danonino or Prostokvashino, Light & Free, and Vitalinea brand names; and almond-based, cashew-based, soy-based products, ice creams and novelties, and nutrition products under the Silk, So Delicious, Vega, and Alpro brands.
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