In a report issued on October 18, Nik Oliver from UBS maintained a Buy rating on Nestlé SA (NSRGF – Research Report), with a price target of CHF130.00. The company’s shares closed last Tuesday at $122.17.
Oliver has an average return of 12.7% when recommending Nestlé SA.
According to TipRanks.com, Oliver is ranked #2812 out of 7704 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nestlé SA with a $135.40 average price target, implying a 10.9% 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.
See today’s best-performing stocks on TipRanks >>
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 44.07K.
Based on the recent corporate insider activity of 32 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on NSRGF:
- Coinbase Becomes Custody Partner of Facebook’s Digital Wallet; Stock Up
- Winnebago Industries Posts Q4 Beat; Shares Pop 2.4% in Pre-Market
- JPMorgan Chase & Co. (JPM) Gets a Sell Rating from Berenberg Bank
- Analysts’ Opinions Are Mixed on These Technology Stocks: Apple (AAPL), Netflix (NFLX) and Airbus Group SE (OtherEADSF)
- Facebook (FB) Received its Third Buy in a Row
