Morgan Stanley Analysts Give Nestle SA (NESN) a CHF 90 Price Target
Nestle SA (VTX:NESN) has been given a CHF 90 target price by equities researchers at Morgan Stanley in a report issued on Monday. The firm presently has a a “buy” rating on the stock.
A number of other research firms have also commented on NESN. Credit Suisse Group AG set a CHF 67.50 price objective on shares of Nestle SA and gave the company a “sell” rating in a research note on Monday, August 8th. HSBC set a CHF 73 target price on shares of Nestle SA and gave the stock a “neutral” rating in a research note on Thursday, June 30th. Jefferies Group set a CHF 78 price objective on shares of Nestle SA and gave the company a “neutral” rating in a research note on Wednesday, August 24th. JPMorgan Chase & Co. set a CHF 88 price objective on shares of Nestle SA and gave the company a “buy” rating in a research note on Wednesday, September 28th. Finally, Berenberg Bank set a CHF 86 price objective on shares of Nestle SA and gave the company a “buy” rating in a research note on Tuesday, August 23rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. Nestle SA currently has a consensus rating of “Buy” and a consensus price target of CHF 83.79.
Shares of Nestle SA (VTX:NESN) opened at 75.60 on Monday. Nestle SA has a one year low of CHK 69.00 and a one year high of CHK 80.05. The company’s 50 day moving average is CHK 77.59 and its 200-day moving average is CHK 74.92.
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Nestle SA Company Profile
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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