Berenberg Bank Reiterates €66.00 Price Target for Danone (BN)

Danone (EPA:BN) has been given a €66.00 ($76.74) price target by equities research analysts at Berenberg Bank in a report issued on Thursday. The brokerage currently has a “neutral” rating on the stock. Berenberg Bank’s price target points to a potential downside of 1.90% from the company’s current price.

Several other brokerages have also issued reports on BN. Deutsche Bank set a €80.00 ($93.02) price target on Danone and gave the company a “buy” rating in a research note on Tuesday, July 31st. Royal Bank of Canada set a €72.00 ($83.72) price target on Danone and gave the company a “buy” rating in a research note on Tuesday, July 31st. Baader Bank set a €72.00 ($83.72) price target on Danone and gave the company a “neutral” rating in a research note on Monday, July 30th. Goldman Sachs Group set a €72.00 ($83.72) price target on Danone and gave the company a “neutral” rating in a research note on Monday, July 30th. Finally, JPMorgan Chase & Co. set a €70.00 ($81.40) price target on Danone and gave the company a “neutral” rating in a research note on Friday, July 27th. Eight analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of €73.68 ($85.67).

Shares of BN opened at €67.28 ($78.23) on Thursday. Danone has a 12-month low of €61.87 ($71.94) and a 12-month high of €72.13 ($83.87).

Danone Company Profile

Danone SA operates in the food and beverage industry worldwide. The company operates through four segments: EDP International, EDP Noram, Specialized Nutrition, and Waters. It offers yogurts under the Danone, Activia, DanActiv, Danimals, Dannon, Danonino, Happy Family, Horizon Organic, Light & Fit, Oikos, YoCrunch, and Danio brands; and almond and soy milk, ice creams and novelties, and powdered proteins under the Silk, So Delicious, Vega, and Alpro brands.

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Analyst Recommendations for Danone (EPA:BN)

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