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.

Analyst Recommendations for Nestle SA (VTX:NESN)

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.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/22/nestle-sas-nesn-buy-rating-reaffirmed-at-jpmorgan-chase-co.html

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.

Receive News & Ratings for Nestle SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nestle SA and related companies with MarketBeat.com's FREE daily email newsletter.