Danone's Stock Continues to Climb, Approaching a 15% Gain Over the Month
The food industry giant extends its upward momentum towards the end of the session, amid a rising CAC 40. The stock continues to climb as a major German firm has just raised its price target, while maintaining a sell rating.
Deutsche Bank Raises Its Target to €63 While Remaining at Sell
Danone's stock is up 2.05% at €73.68 during the session, on a new upward leg that brings the monthly gain to nearly 15%. The rise comes as Deutsche Bank has raised its price target from €59 to €63, while maintaining its sell rating. The new target is still nearly 14% below the current price, indicating a discrepancy between the stock's trajectory and the German research firm's assessment. Over recent weeks, several acquisitions in the Asia-Pacific region have supported the price recovery, including the acquisition of Australian Made Group completed at the end of June.
Stock Approaching the Resistance at €74.40, RSI at 77 in Overbought Zone
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The stock is now approaching its identified resistance at €74.40, less than 1% away from today's price. The RSI stands at 77, in a marked overbought territory, while the price is 8.4% above its 20-day moving average (€67.95) and 12.7% above its 50-day moving average (€65.35). The movement is part of a short-term acceleration, with a gain of 5.4% over the week that extends the recovery started after the May low. The crossing (or not) of the €74.40 will be the next technical step to observe for the stock's trajectory.
SectorAgroalimentaire · Grande consommation›Produits alimentaires
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Context
Period
Period: 1T2026
Key reported figures
Revenue: 6708M€
Guidance from the release
La performance du premier trimestre confirme, une nouvelle fois, la résilience, la solidité et la pertinence de notre portefeuille axé sur la santé.
Chiffre d'affaires en baisse de -2,0% en données publiées, mais croissance solide de +2,7% en données comparables.
Risks mentioned
Impact des rappels de laits infantiles en Europe sur la Nutrition Spécialisée.
Conflit au Moyen-Orient influençant la performance en EMEA.
Dépréciation de plusieurs devises par rapport à l'euro.
Opportunities identified
Acquisition de Huel renforçant notre présence dans la nutrition fonctionnelle.
Création d'une joint-venture avec Arcor ouvrant des opportunités dans les produits laitiers.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
