Nestlé SA (NSRGF) Receives a Buy from Kepler Capital


In a report released yesterday, Jon Cox from Kepler Capital maintained a Buy rating on Nestlé SA (NSRGF), with a price target of CHF115.00. The company’s shares closed last Monday at $109.71.

According to TipRanks.com, Cox is a 1-star analyst with an average return of -3.4% and a 40.5% success rate. Cox covers the Consumer Goods sector, focusing on stocks such as Anheuser-Busch Inbev Sa, Hermes International, and Royal Ahold Delhaize.

Nestlé SA has an analyst consensus of Moderate Buy, with a price target consensus of $112.86, 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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