Nestlé SA (NSRGF) Receives a Buy from Baader Bank

In a report issued on July 19, Andreas von Arx from Baader Bank maintained a Buy rating on Nestlé SA (NSRGFResearch Report), with a price target of CHF115.00. The company’s shares closed last Wednesday at $125.96, close to its 52-week high of $130.00.

Arx has an average return of 11.4% when recommending Nestlé SA.

According to TipRanks.com, Arx is ranked #2063 out of 7591 analysts.

Currently, the analyst consensus on Nestlé SA is a Strong Buy with an average price target of $133.75, which is a 5.0% upside from current levels. In a report issued on July 5, Bernstein also maintained a Buy rating on the stock with a CHF124.00 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 13.4K.

Based on the recent corporate insider activity of 29 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.