Danone S.A. (OTCMKTS:DANOY – Get Rating) shares reached a new 52-week low on Friday . The stock traded as low as $9.82 and last traded at $9.87, with a volume of 404183 shares trading hands. The stock had previously closed at $9.92.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DANOY shares. Morgan Stanley lowered their price objective on shares of Danone from €56.00 ($57.14) to €55.00 ($56.12) and set an "equal weight" rating for the company in a research report on Tuesday, June 28th. Credit Suisse Group lifted their price objective on shares of Danone from €56.00 ($57.14) to €58.00 ($59.18) and gave the stock a "neutral" rating in a research note on Friday, July 29th. Berenberg Bank raised shares of Danone from a "sell" rating to a "hold" rating in a research note on Tuesday, July 19th. Sanford C. Bernstein raised shares of Danone from a "market perform" rating to an "outperform" rating in a research note on Friday, July 22nd. Finally, Royal Bank of Canada lifted their price objective on shares of Danone from €51.00 ($52.04) to €55.00 ($56.12) in a research note on Thursday, July 28th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $57.00.

Danone Stock Performance

The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.91 and a current ratio of 1.09. The firm's fifty day simple moving average is $10.69 and its 200 day simple moving average is $11.17.

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 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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