In a report issued on December 16, Patrick Roquas from Kepler Capital maintained a Buy rating on Nestlé SA (NSRGF), with a price target of CHF120.00. The company’s shares closed last Thursday at $116.20.
Roquas has an average return of 5.6% when recommending Nestlé SA.
According to TipRanks.com, Roquas is ranked #2130 out of 7157 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nestlé SA with a $133.47 average price target, which is a 15.7% upside from current levels. In a report issued on December 2, J.P. Morgan also maintained a Buy rating on the stock with a CHF125.00 price target.
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The company has a one-year high of $124.25 and a one-year low of $84.20. Currently, Nestlé SA has an average volume of 18.81K.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is neutral on the stock.
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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.
