J.P. Morgan analyst Celine Pannuti maintained a Buy rating on Nestlé SA (NSRGF) yesterday and set a price target of CHF123.00. The company’s shares closed last Thursday at $116.48.
According to TipRanks.com, Pannuti is a 1-star analyst with an average return of -0.9% and a 49.6% success rate. Pannuti covers the Consumer Goods sector, focusing on stocks such as Essity Aktiebolag AB, Unilever NV, and Essity AB.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nestlé SA with a $123.31 average price target, a 5.7% upside from current levels. In a report issued on September 9, Kepler Capital also maintained a Buy rating on the stock with a CHF120.00 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 12.01K.
Based on the recent corporate insider activity of 26 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.
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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.
