Nestle SA (NESN) Given Average Recommendation of “Hold” by Brokerages
Nestle SA (VTX:NESN) has earned an average recommendation of “Hold” from the nineteen ratings firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and eleven have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is CHF 86.75.
A number of analysts recently weighed in on the company. UBS AG set a CHF 84 target price on Nestle SA and gave the stock a “buy” rating in a research report on Wednesday, June 28th. S&P Global set a CHF 95 target price on Nestle SA and gave the stock a “buy” rating in a research report on Tuesday, June 27th. Deutsche Bank AG set a CHF 85 target price on Nestle SA and gave the stock a “buy” rating in a research report on Tuesday, June 27th. J P Morgan Chase & Co set a CHF 87 target price on Nestle SA and gave the stock a “buy” rating in a research report on Tuesday, June 27th. Finally, Goldman Sachs Group, Inc. (The) set a CHF 81 target price on Nestle SA and gave the stock a “buy” rating in a research report on Tuesday, June 27th.
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Nestle SA (VTX NESN) traded up 1.01% on Wednesday, hitting CHK 84.75. 5,060,041 shares of the stock were exchanged. Nestle SA has a 52-week low of CHK 67.00 and a 52-week high of CHK 86.00. The company has a 50-day moving average price of CHK 81.97 and a 200-day moving average price of CHK 81.27. The firm has a market cap of CHK 262.56 billion and a PE ratio of 28.34.
Nestle SA Company Profile
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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