The Goldman Sachs Group Downgrades Danone (OTCMKTS:DANOY) to Sell

Danone (OTCMKTS:DANOY) was downgraded by research analysts at The Goldman Sachs Group from a “neutral” rating to a “sell” rating in a report issued on Thursday, The Fly reports.

Several other equities research analysts have also weighed in on DANOY. Berenberg Bank reaffirmed a “hold” rating on shares of Danone in a research report on Tuesday, February 23rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Danone in a research note on Thursday, January 14th. Credit Suisse Group lowered shares of Danone from an “outperform” rating to a “neutral” rating in a research note on Thursday, March 25th. Societe Generale reiterated a “sell” rating on shares of Danone in a research report on Tuesday, January 26th. Finally, DZ Bank cut Danone from a “buy” rating to a “hold” rating in a research report on Thursday, April 22nd. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold”.

OTCMKTS:DANOY opened at $14.03 on Thursday. The company has a current ratio of 1.01, a quick ratio of 0.83 and a debt-to-equity ratio of 0.88. The stock has a 50 day moving average of $14.08 and a 200-day moving average of $13.30. The firm has a market capitalization of $48.13 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 15.84 and a beta of 0.73. Danone has a 52 week low of $10.71 and a 52 week high of $14.67.

Danone Company Profile

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 Danone, Danonino or Prostokvashino, Light & Free, Actimel, Activia, Oikos, Danette, Danissimo, YoPRO, Horizon, SToK, Silk, So Delicious, Vega, and Alpro brands, as well as under the license brands, including International Delight, Dunkin' Donuts, and Bailey's.

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Analyst Recommendations for Danone (OTCMKTS:DANOY)

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