Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Nestlé SA (NSRGF) and Compagnie Générale des Établissements Michelin (MGDDF).
Nestlé SA (NSRGF)
In a report released yesterday, Tom Sykes from Deutsche Bank maintained a Hold rating on Nestlé SA, with a price target of CHF115.00. The company’s shares closed last Tuesday at $118.60.
According to TipRanks.com, Sykes is ranked #4020 out of 7481 analysts.
Currently, the analyst consensus on Nestlé SA is a Moderate Buy with an average price target of $129.52, implying an 8.8% upside from current levels. In a report issued on April 20, Credit Suisse also maintained a Hold rating on the stock with a CHF105.00 price target.
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Compagnie Générale des Établissements Michelin (MGDDF)
In a report released yesterday, Christoph Laskawi from Deutsche Bank maintained a Buy rating on Compagnie Générale des Établissements Michelin, with a price target of EUR135.00. The company’s shares closed last Wednesday at $148.23, close to its 52-week high of $152.99.
Laskawi has an average return of 5.6% when recommending Compagnie Générale des Établissements Michelin.
According to TipRanks.com, Laskawi is ranked #3446 out of 7481 analysts.
Compagnie Générale des Établissements Michelin has an analyst consensus of Strong Buy, with a price target consensus of $167.38, implying an 8.9% upside from current levels. In a report issued on April 12, Kepler Capital also maintained a Buy rating on the stock with a EUR150.00 price target.
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