Kepler Capital Believes Nestlé SA (Other OTC: NSRGF) Still Has Room to Grow

Kepler Capital analyst Arnaud Girod maintained a Buy rating on Nestlé SA (NSRGFResearch Report) yesterday and set a price target of CHF115.00. The company’s shares closed last Thursday at $110.66, close to its 52-week high of $114.93.

Girod has an average return of 3.8% when recommending Nestlé SA.

According to TipRanks.com, Girod is ranked #6442 out of 6742 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nestlé SA with a $114.91 average price target, representing a 1.9% upside. In a report issued on June 17, J.P. Morgan also maintained a Buy rating on the stock with a CHF116.00 price target.

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The company has a one-year high of $114.93 and a one-year low of $84.20. Currently, Nestlé SA has an average volume of 25.99K.

Based on the recent corporate insider activity of 19 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.