In a report released yesterday, Warren Ackerman from Barclays maintained a Buy rating on Nestlé SA (NSRGF – Research Report), with a price target of CHF130.00. The company’s shares closed last Friday at $127.59, close to its 52-week high of $130.00.
Ackerman has an average return of 8.1% when recommending Nestlé SA.
According to TipRanks.com, Ackerman is ranked #3861 out of 7705 analysts.
Nestlé SA has an analyst consensus of Strong Buy, with a price target consensus of $137.80, implying an 8.8% upside from current levels. In a report issued on October 6, Kepler Capital also maintained a Buy rating on the stock with a CHF125.00 price target.
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The company has a one-year high of $130.00 and a one-year low of $104.32. Currently, Nestlé SA has an average volume of 44.64K.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NSRGF in relation to earlier this year.
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Nestlé SA is a nutrition, health and wellness company, which engages in the manufacture, supply and production of prepared dishes and cooking aids, milk-based products, pharmaceuticals and ophthalmic goods, baby foods and cereals. The company products portfolio includes powdered and liquid beverages, water, milk products and ice cream, nutrition and health science, prepared dishes and cooking aids, confectionery, and pet care. It operates through the following segments: Zone EMENA, Zone Americas, Zone Asia, Oceania & Africa, Nestlé Waters, Nestlé Nutrition, and Other Businesses. The Other Business segment is comprised of Nespresso, Nestle Health Science and Nestle Skin Health. The company was founded by Henri Nestlé in 1866 and is headquartered in Vevey, Switzerland.
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