Danone (OTCMKTS:DANOY) Reaches New 12-Month High – Still a Buy?

Shares of Danone (OTCMKTS:DANOY) hit a new 52-week high during trading on Tuesday . The company traded as high as $18.41 and last traded at $18.38, with a volume of 40679 shares trading hands. The stock had previously closed at $18.14.

Wall Street Analysts Forecast Growth

DANOY has been the topic of several research reports. Citigroup restated a “neutral” rating on shares of Danone in a report on Wednesday, October 29th. Morgan Stanley restated an “overweight” rating on shares of Danone in a report on Friday, October 10th. Wall Street Zen downgraded Danone from a “buy” rating to a “hold” rating in a research note on Friday, August 15th. Jefferies Financial Group raised Danone from an “underperform” rating to a “buy” rating in a report on Tuesday, September 16th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of Danone in a research note on Wednesday, October 29th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Danone Stock Performance

The company has a debt-to-equity ratio of 0.66, a current ratio of 0.95 and a quick ratio of 0.78. The firm’s 50-day simple moving average is $17.61 and its 200 day simple moving average is $16.93.

About Danone

Danone SA operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States. The company operates through Essential Dairy & Plant-Based, Specialized Nutrition, and Waters segments.