After Kepler Capital and Morgan Stanley gave Nestlé SA (Other OTC: NSRGF) a Buy rating last month, the company received another Buy, this time from J.P. Morgan. Analyst Celine Pannuti CFA maintained a Buy rating on Nestlé SA yesterday and set a price target of CHF125.00. The company’s shares closed last Tuesday at $111.00.
CFA has an average return of 5.1% when recommending Nestlé SA.
According to TipRanks.com, CFA is ranked #6421 out of 7406 analysts.
Nestlé SA has an analyst consensus of Moderate Buy, with a price target consensus of $121.62, which is an 8.1% upside from current levels. In a report issued on March 16, 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 $99.50. Currently, Nestlé SA has an average volume of 38.7K.
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.
