JPMorgan Chase & Co. downgraded shares of Groupe Danone SA (NASDAQ:DANOY) from a neutral rating to an underweight rating in a report issued on Thursday, TheFlyOnTheWall.comreports.
JPMorgan Chase & Co. has also modified their ratings on a number of other stocks in the few days. The firm initiated coverage on shares of NTT Docomo Inc (ADR). They issued an underweight rating on that stock. Also, JPMorgan Chase & Co. reiterated its neutral rating on shares of Smith & Nephew plc (ADR). Finally, JPMorgan Chase & Co. reiterated its overweight rating on shares of Rolls-Royce Holding PLC.
Groupe Danone SA (NASDAQ:DANOY) opened at 13.32 on Thursday. Groupe Danone SA has a one year low of $13.11 and a one year high of $16.00. The stock’s 50-day moving average is $14.02 and its 200-day moving average is $14.47. The company has a market cap of $39.936 billion and a price-to-earnings ratio of 28.72.
A number of other analysts have also recently weighed in on DANOY. Analysts at Morgan Stanley upgraded shares of Groupe Danone SA from an equal weight rating to an overweight rating in a research note on Tuesday, July 15th. Analysts at Kepler Capital Markets upgraded shares of Groupe Danone SA from a hold rating to a buy rating in a research note on Tuesday, July 1st. Four investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of Hold.
Groupe Danone is a food company that primarily produces fresh milk products, baby foods, biscuits, cereal products and medical nutrition products.
Source: WKRB
