Nestlé (VTX:NESN) has been assigned a consensus recommendation of “Buy” from the twenty ratings firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is CHF 87.72.
Several analysts recently issued reports on the company. Jefferies Financial Group set a CHF 94 target price on Nestlé and gave the company a “buy” rating in a research note on Thursday, October 18th. Goldman Sachs Group set a CHF 92 target price on Nestlé and gave the company a “buy” rating in a research note on Thursday, September 6th. Sanford C. Bernstein set a CHF 84 target price on Nestlé and gave the company a “neutral” rating in a research note on Monday, September 24th. Credit Suisse Group set a CHF 70 target price on Nestlé and gave the company a “sell” rating in a research note on Wednesday, September 19th. Finally, Royal Bank of Canada set a CHF 85 target price on Nestlé and gave the company a “buy” rating in a research note on Tuesday, July 31st.
Nestlé has a 12-month low of CHF 73.34 and a 12-month high of CHF 86.40.
Nestle SA is a nutrition, health and wellness company. The Company’s segments are Zone Europe, Middle East and North Africa (EMENA); Zone Americas (AMS); Zone Asia, Oceania and sub-Saharan Africa (AOA); Nestle Waters; Nestle Nutrition, and Other Businesses. The Company operates in the United States, Greater China Region, Switzerland and Rest of the World.
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