In a report issued on November 19, Christian Nordby from Kepler Capital maintained a Buy rating on Nestlé SA (NSRGF – Research Report), with a price target of CHF120.00. The company’s shares closed last Friday at $114.25.
Nordby has an average return of 5.8% when recommending Nestlé SA.
According to TipRanks.com, Nordby is ranked #3285 out of 7100 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nestlé SA with a $129.67 average price target.
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 17.15K.
Based on the recent corporate insider activity of 29 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.