Danone : Q2 at -2.5% l-f-l. Abundant announcements. To be viewed with caution
>The weakness of the valuation is no protection - Reduce recommendation maintained with a target price of € 50. The stock is trading at a very low valuation (2021e PER of 14x and 2021e EV/EBITDA of 10x), but could continue to suffer a de-rating in the context of the hyper-polarisation of valuations that has continued to gather pace in the Food HPC sector (US and Europe) since January 2018. Fundamentally, the current share price values capital invested above the value ...Danone is engaged in activities in the global food and beverages industry. Co. operates in four markets: Fresh Dairy Products (Co. produces and sells yogurts, fermented dairy products and other fresh dairy products); Waters (Co. produces and sells natural waters as well as flavored and vitamin-enriched waters products); Early Life Nutrition (Co. produces baby formula, milk-and fruit-based desserts, cereals, small pots of baby food and ready-made baby food); and Medical Nutrition (Co. develops adult and pediatric clinical nutrition products to be taken orally, or through a catheter in the event of malnutrition related to illness or other causes).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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