Nestlé S.A. (OTCMKTS:NSRGY) has received a consensus rating of “Buy” from the sixteen brokerages that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $131.00.
Several research firms recently commented on NSRGY. DZ Bank reissued a “buy” rating on shares of Nestlé in a research note on Thursday. Piper Sandler downgraded Nestlé from an “overweight” rating to a “neutral” rating in a research note on Monday, August 31st. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Nestlé in a research note on Tuesday, August 4th. Barclays reissued an “overweight” rating on shares of Nestlé in a research note on Friday, July 31st. Finally, HSBC upgraded Nestlé from a “hold” rating to a “buy” rating in a report on Friday, September 25th.
Shares of Nestlé stock opened at $118.24 on Wednesday. Nestlé has a 1 year low of $88.00 and a 1 year high of $122.63. The firm has a market cap of $340.54 billion, a price-to-earnings ratio of 26.63, a PEG ratio of 5.26 and a beta of 0.36. The company has a 50-day moving average of $119.02 and a 200 day moving average of $113.75. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.75 and a quick ratio of 0.47.
Nestlé Company Profile
NestlÃ© SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; Zone Asia, Oceania and sub-Saharan Africa; and NestlÃ© Waters segments. It offers baby foods under the Cerelac, Gerber, and NaturNes brands; bottled water under the NestlÃ© Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.
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