Nestle SA’s (NESN) Buy Rating Reaffirmed at JPMorgan Chase & Co.
Nestle SA (VTX:NESN)‘s stock had its “buy” rating reissued by stock analysts at JPMorgan Chase & Co. in a research report issued on Thursday.
A number of other brokerages have also issued reports on NESN. Credit Suisse Group AG set a CHF 67.50 price target on Nestle SA and gave the stock a “sell” rating in a research note on Monday, August 8th. HSBC set a CHF 73 price target on Nestle SA and gave the stock a “neutral” rating in a research note on Thursday, June 30th. Jefferies Group set a CHF 78 price target on Nestle SA and gave the stock a “neutral” rating in a research note on Wednesday, August 24th. Morgan Stanley set a CHF 85 price target on Nestle SA and gave the stock a “buy” rating in a research note on Tuesday, July 19th. Finally, Berenberg Bank set a CHF 86 price target on Nestle SA and gave the stock a “buy” rating in a research note on Tuesday, August 23rd. Two research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of CHF 83.55.
Nestle SA (VTX:NESN) traded up 1.10% during mid-day trading on Thursday, hitting CHK 78.25. 3,141,113 shares of the company were exchanged. Nestle SA has a 12 month low of CHK 69.00 and a 12 month high of CHK 80.05. The firm has a 50 day moving average price of CHK 78.19 and a 200 day moving average price of CHK 74.49.
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About Nestle SA
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’s product categories include powered and liquid beverages; water; milk products and ice cream; nutrition and health science; confectionery, and PetCare.
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