Danone (OTCMKTS:DANOY) Reaches New 52-Week High – What’s Next?

Danone S.A. (OTCMKTS:DANOY)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $15.68 and last traded at $15.59, with a volume of 524874 shares traded. The stock had previously closed at $15.56.

Analysts Set New Price Targets

Several analysts recently issued reports on DANOY shares. Royal Bank of Canada downgraded shares of Danone from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, February 26th. Jefferies Financial Group cut shares of Danone from a “hold” rating to an “underperform” rating in a research report on Wednesday, January 8th. Sanford C. Bernstein raised Danone from a “strong sell” rating to a “hold” rating in a report on Thursday, January 9th. Finally, The Goldman Sachs Group upgraded Danone to a “hold” rating in a research report on Tuesday, December 17th.

Danone Stock Down 1.5 %

The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.74 and a current ratio of 0.91. The stock has a 50 day moving average of $13.94 and a 200 day moving average of $13.98.

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.