DANONE S.A

BN
Real-time Quote. Real-time  - 01/15 11:37:03 am
53.62EUR +1.32%

Danone : A new move to the downside is expected

Patrick Rejaunier
Senior Analyst

Strategy published on : 01/14/2020 | 03:39

short sell
Stop-loss triggered

Entry price : 70.92€
Target : 66€
Stop-loss : 72.5€
Potential : 6.94%

Sellers are regaining the upper hand for stocks in Danone while trading volume and volatility has picked up.
Investors should open a short trade and target the € 66.

Summary

● The company has solid fundamentals for a short-term investment strategy.


Strengths

● Graphically speaking, the timing seems perfect for purchasing the stock close to the EUR 71.96 support.

● Predictions on business development from analysts polled by Standard & Poor's are tight. This results from either a good visibility into core activities or accurate earnings releases.

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


Weaknesses

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

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