Kepler Capital Believes Nestlé SA (Other OTC: NSRGF) Won’t Stop Here

In a report issued on October 15, Jon Cox from Kepler Capital maintained a Buy rating on Nestlé SA (NSRGFResearch Report), with a price target of CHF120.00. The company’s shares closed last Friday at $117.90, close to its 52-week high of $124.25.

According to TipRanks.com, Cox is a 1-star analyst with an average return of -2.6% and a 48.2% success rate. Cox covers the Consumer Goods sector, focusing on stocks such as Coca-Cola European Partners, Anheuser-Busch Inbev Sa, and Hermes International.

Currently, the analyst consensus on Nestlé SA is a Moderate Buy with an average price target of $125.65, implying a 6.3% upside from current levels. In a report issued on October 12, Bernstein also initiated coverage with a Buy rating on the stock with a CHF120.00 price target.

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The company has a one-year high of $124.25 and a one-year low of $84.20. Currently, Nestlé SA has an average volume of 9,108.

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is neutral on the stock.

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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.