Nestlé SA (NSRGF) Gets a Buy Rating from Goldman Sachs


In a report released today, John Ennis CFA from Goldman Sachs maintained a Buy rating on Nestlé SA (NSRGF), with a price target of CHF110.00. The company’s shares closed last Monday at $109.71.

CFA has an average return of 4.8% when recommending Nestlé SA.

According to TipRanks.com, CFA is ranked #4105 out of 6685 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nestlé SA with a $112.86 average price target, which is a 4.9% 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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The company has a one-year high of $114.93 and a one-year low of $84.20. Currently, Nestlé SA has an average volume of 29.66K.

Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NSRGF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

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