Nestle SA (NESN) Given Average Recommendation of “Hold” by Brokerages
Nestle SA (VTX:NESN) has received a consensus rating of “Hold” from the nineteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is CHF 87.51.
Several research analysts have commented on NESN shares. Morgan Stanley set a CHF 90 target price on shares of Nestle and gave the stock a “buy” rating in a report on Wednesday, October 11th. Royal Bank of Canada set a CHF 87 target price on shares of Nestle and gave the stock a “buy” rating in a report on Tuesday, October 24th. Deutsche Bank set a CHF 95 target price on shares of Nestle and gave the stock a “buy” rating in a report on Friday, October 6th. Goldman Sachs Group set a CHF 95 target price on shares of Nestle and gave the stock a “buy” rating in a report on Thursday, December 7th. Finally, Kepler Capital Markets set a CHF 95 target price on shares of Nestle and gave the stock a “buy” rating in a report on Wednesday, December 6th.
Shares of Nestle (NESN) traded down CHF 0.04 on Friday, hitting CHF 80.42. 7,380,000 shares of the company’s stock traded hands, compared to its average volume of 4,620,000. Nestle has a one year low of CHF 71.45 and a one year high of CHF 86.40. The firm has a market capitalization of $250,280.00 and a PE ratio of 26.81.
Nestle 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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