Morgan Stanley analyst Rashad Kawan maintained a Sell rating on Danone SA (DANOY – Research Report) yesterday and set a price target of $11.50. The company’s shares closed yesterday at $12.09.
Kawan covers the Consumer Defensive sector, focusing on stocks such as Unilever, Glanbia, and Nestle SA Reg. According to TipRanks, Kawan has an average return of -4.3% and a 35.00% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Danone SA with a $11.50 average price target.
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DANOY market cap is currently €35.74B and has a P/E ratio of 39.22.
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Danone SA engages in the food processing industry. It operates through the following divisions: Fresh Dairy Products, Waters, Early Life Nutrition, and Medical Nutrition. The Fresh Dairy Products division produces and markets yogurts, fermented fresh dairy products, and other specialized fresh dairy products. The Waters division comprises the natural waters business along with aqua drinks. The Early Life Nutrition division focuses on specialized foods for babies and young children to complement breast-feeding while always complying with the World Health Organization Code and local laws. The Medical Nutrition division focuses mainly on people receiving medical treatment, babies afflicted with certain illnesses and frail elderly people. Danone was founded on February 2, 1899 and is headquartered in Paris, France.
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