NESTLE S A/S (NSRGY) Receives Average Recommendation of “Buy” from Analysts
NESTLE S A/S (OTCMKTS:NSRGY) has earned a consensus rating of “Buy” from the ten analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $100.00.
Several analysts have issued reports on NSRGY shares. JPMorgan Chase & Co. set a $100.00 price objective on NESTLE S A/S and gave the company a “buy” rating in a research note on Monday, December 10th. UBS Group upgraded NESTLE S A/S from a “neutral” rating to a “buy” rating in a research note on Thursday, January 3rd. Societe Generale began coverage on NESTLE S A/S in a research note on Tuesday, January 29th. They set a “buy” rating on the stock. Berenberg Bank raised NESTLE S A/S from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. Finally, Royal Bank of Canada lowered NESTLE S A/S from an “outperform” rating to a “sector perform” rating in a report on Tuesday, February 19th.
Large investors have recently bought and sold shares of the company. Headinvest LLC grew its holdings in NESTLE S A/S by 94.2% in the 4th quarter. Headinvest LLC now owns 107,947 shares of the company’s stock worth $8,739,000 after buying an additional 52,355 shares in the last quarter. HighPoint Advisor Group LLC grew its holdings in NESTLE S A/S by 7.9% in the 4th quarter. HighPoint Advisor Group LLC now owns 4,360 shares of the company’s stock worth $389,000 after buying an additional 319 shares in the last quarter. Osher Van de Voorde Investment Management grew its holdings in NESTLE S A/S by 0.3% in the 4th quarter. Osher Van de Voorde Investment Management now owns 99,368 shares of the company’s stock worth $8,045,000 after buying an additional 340 shares in the last quarter. BRYN MAWR TRUST Co grew its holdings in NESTLE S A/S by 1.3% in the 4th quarter. BRYN MAWR TRUST Co now owns 12,218 shares of the company’s stock worth $990,000 after buying an additional 155 shares in the last quarter. Finally, Logan Capital Management Inc. grew its holdings in NESTLE S A/S by 5.9% in the 4th quarter. Logan Capital Management Inc. now owns 13,249 shares of the company’s stock worth $1,073,000 after buying an additional 735 shares in the last quarter.
NESTLE S A/S Company Profile
Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; Zone Asia, Oceania and sub-Saharan Africa; and Nestlé Waters segments. It offers baby foods under the Cerelac, Gerber, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.
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