In a report released yesterday, Jon Cox from Kepler Capital maintained a Buy rating on Nestlé SA (NSRGF), with a price target of CHF115.00. The company’s shares closed last Tuesday at $110.80, close to its 52-week high of $114.93.
According to TipRanks.com, Cox is a 1-star analyst with an average return of -2.2% and a 41.9% success rate. Cox covers the Consumer Goods sector, focusing on stocks such as Hermes International, Swatch Group Bearer, and Glanbia.
Currently, the analyst consensus on Nestlé SA is a Moderate Buy with an average price target of $111.80, which is a 1.9% upside from current levels. In a report issued on June 4, Societe Generale also maintained a Buy rating on the stock with a CHF112.00 price target.
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Nestlé SA’s market cap is currently $319.1B and has a P/E ratio of 24.30. The company has a Price to Book ratio of 56.11.
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Nestlé SA is a nutrition, health and wellness company, which engages in the manufacture, supply and production of prepared dishes and cooking aids, milk-based products, pharmaceuticals and ophthalmic goods, baby foods and cereals. The company products portfolio includes powdered and liquid beverages, water, milk products and ice cream, nutrition and health science, prepared dishes and cooking aids, confectionery, and pet care. It operates through the following segments: Zone EMENA, Zone Americas, Zone Asia, Oceania & Africa, Nestlé Waters, Nestlé Nutrition, and Other Businesses. The Other Business segment is comprised of Nespresso, Nestle Health Science and Nestle Skin Health. The company was founded by Henri Nestlé in 1866 and is headquartered in Vevey, Switzerland.
