JPMorgan Chase & Co. Reiterates CHF 97 Price Target for Nestle (NESN)
Nestle (VTX:NESN) has been given a CHF 97 price target by research analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 17.72% from the company’s current price.
A number of other brokerages also recently commented on NESN. Goldman Sachs Group set a CHF 95 price objective on Nestle and gave the stock a “buy” rating in a research report on Thursday, December 7th. Kepler Capital Markets set a CHF 95 price objective on Nestle and gave the stock a “buy” rating in a research report on Wednesday, December 6th. Deutsche Bank set a CHF 95 target price on Nestle and gave the stock a “buy” rating in a research report on Friday, October 6th. UBS Group set a CHF 92 target price on Nestle and gave the stock a “buy” rating in a research report on Monday, October 2nd. Finally, Citigroup set a CHF 93 target price on Nestle and gave the stock a “buy” rating in a research report on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of CHF 87.08.
Shares of Nestle (NESN) opened at CHF 82.40 on Wednesday. Nestle has a 52-week low of CHF 71.45 and a 52-week high of CHF 86.40. The company has a market capitalization of $256,440.00 and a P/E ratio of 27.47.
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 operates in the United States, Greater China Region, Switzerland and Rest of the World.
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