DANONE

BN
Real-time Estimate Quote. Real-time Estimate  - 10/19 11:39:01 am
53.41EUR +0.21%

Danone : The trend should regain control

Jordan Dufee
Analyst

Strategy published on : 10/07/2019 | 05:04

long trade
Stop-loss triggered

Entry price : 78.8€
Target : 84€
Stop-loss : 75.9€
Potential : 6.6%

Shares in Danone show a positive technical chart pattern over the medium term. The timing to jump back on the rising trend seems good.
Investors have an opportunity to buy the stock and target the € 84.

Summary

● In a short-term perspective, the company has interesting fundamentals.


Strengths

● Considering the small differences between the analysts' various estimates, the group's business visibility is good.

● Analysts covering this company mostly recommend stock overweighting or purchase.

● The tendency within the weekly time frame is positive above the technical support level at 69.82 EUR


Weaknesses

● Stock prices approach a strong long-term resistance in weekly data at EUR 81.72.

● The group shows a rather high level of debt in proportion to its EBITDA.

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