UBS Group Downgrades Danone (OTCMKTS:DANOY) to Sell

Danone (OTCMKTS:DANOY) was downgraded by investment analysts at UBS Group from a “buy” rating to a “sell” rating in a research note issued on Monday, The Fly reports.

A number of other research analysts also recently commented on the company. HSBC raised Danone from a “hold” rating to a “buy” rating in a report on Wednesday, April 8th. Credit Suisse Group raised Danone from a “neutral” rating to an “outperform” rating in a report on Wednesday, April 15th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Danone in a research report on Monday, May 4th. Jefferies Financial Group upgraded Danone from a “hold” rating to a “buy” rating in a research report on Wednesday, March 18th. Finally, Berenberg Bank reiterated a “hold” rating on shares of Danone in a research report on Thursday, April 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.00.

OTCMKTS:DANOY opened at $13.96 on Monday. The business’s 50 day moving average is $13.85 and its two-hundred day moving average is $14.45. Danone has a 52 week low of $11.25 and a 52 week high of $18.20. The company has a market cap of $47.89 billion, a PE ratio of 16.23, a P/E/G ratio of 3.50 and a beta of 0.74.

About Danone

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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The Fly

Analyst Recommendations for Danone (OTCMKTS:DANOY)

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