In a report released today, John Ennis CFA from Goldman Sachs maintained a Buy rating on Nestlé SA (NSRGF), with a price target of CHF119.00. The company’s shares closed last Wednesday at $111.54.
CFA has an average return of 5.3% when recommending Nestlé SA.
According to TipRanks.com, CFA is ranked #3727 out of 7322 analysts.
Currently, the analyst consensus on Nestlé SA is a Moderate Buy with an average price target of $127.36, a 13.2% upside from current levels. In a report issued on February 3, UBS also maintained a Buy rating on the stock with a CHF130.00 price target.
See today’s analyst top recommended stocks >>
Nestlé SA’s market cap is currently $321.2B and has a P/E ratio of 23.10. The company has a Price to Book ratio of -121.12.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is neutral on the stock.
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.
