Danone (OTCMKTS:DANOY) Shares Gap Up – What’s Next?

Shares of Danone (OTCMKTS:DANOY) gapped up prior to trading on Thursday. The stock had previously closed at $13.11, but opened at $13.70. Danone shares last traded at $13.67, with a volume of 17,779 shares traded.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DANOY shares. Morgan Stanley restated an “overweight” rating on shares of Danone in a research report on Thursday, July 30th. Deutsche Bank Aktiengesellschaft raised Danone from a “sell” rating to a “hold” rating in a research report on Tuesday, September 22nd. Finally, Jefferies Financial Group cut Danone from a “buy” rating to an “underperform” rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Danone Stock Performance

The company’s fifty day moving average price is $14.30 and its two-hundred day moving average price is $15.16.

Danone Company Profile

Danone is a global food and beverage company headquartered in Paris, France. Its portfolio focuses on health-oriented products across three principal categories: Essential Dairy and Plant-Based products, Waters, and Specialized Nutrition.

The company offers yogurt, fermented dairy products, plant-based beverages and foods, bottled water, infant formula, medical nutrition products, and specialized nutrition products for adults. Its brands include Activia, Actimel, Alpro, evian, Volvic, Oikos, and Aptamil, although product availability varies by market.

Danone traces its origins to 1919, when Isaac Carasso began producing yogurt in Barcelona.