Kepler Capital analyst Torsten Sauter maintained a Buy rating on Nestlé SA (NSRGF) on November 17 and set a price target of CHF120.00. The company’s shares closed last Wednesday at $114.24.
According to TipRanks.com, Sauter is a 1-star analyst with an average return of -0.4% and a 45.9% success rate. Sauter covers the Industrial Goods sector, focusing on stocks such as Implenia AG, Sulzer AG, and ABB.
Currently, the analyst consensus on Nestlé SA is a Moderate Buy with an average price target of $129.53.
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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 13.32K.
Based on the recent corporate insider activity of 29 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.
