Nestle SA (NESN) Earns “Buy” Rating from JPMorgan Chase & Co.
Nestle SA (VTX:NESN)‘s stock had its “buy” rating restated by JPMorgan Chase & Co. in a research note issued to investors on Thursday.
Several other research firms also recently commented on NESN. Goldman Sachs Group Inc. set a CHF 64 price objective on Nestle SA and gave the stock a “sell” rating in a report on Wednesday, May 25th. Morgan Stanley set a CHF 85 price objective on Nestle SA and gave the stock a “buy” rating in a report on Monday, June 6th. BNP Paribas set a CHF 74 price objective on Nestle SA and gave the stock a “sell” rating in a report on Monday, June 27th. Citigroup Inc. restated a “buy” rating on shares of Nestle SA in a report on Tuesday, June 28th. Finally, Macquarie set a CHF 67 price objective on Nestle SA and gave the stock a “sell” rating in a report on Thursday, June 30th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the company. Nestle SA currently has a consensus rating of “Buy” and an average price target of CHF 83.55.
Nestle SA (VTX:NESN) opened at 77.95 on Thursday. Nestle SA has a one year low of CHK 69.00 and a one year high of CHK 80.05. The stock’s 50 day moving average price is CHK 78.19 and its 200-day moving average price is CHK 74.49.
About Nestle SA
Nestle SA is a nutrition, health and wellness company. The Company’s segments are Zone Europe, Middle East and North Africa (EMENA); Zone Americas (AMS); Zone Asia, Oceania and sub-Saharan Africa (AOA); Nestle Waters; Nestle Nutrition, and Other Businesses. The Company’s product categories include powered and liquid beverages; water; milk products and ice cream; nutrition and health science; confectionery, and PetCare.
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