Morgan Stanley Reiterates “CHF 90” Price Target for Nestle SA (NESN)
Nestle SA (VTX:NESN) received a CHF 90 price target from equities research analysts at Morgan Stanley in a research note issued on Monday. The firm currently has a a “buy” rating on the stock.
Several other research firms also recently commented on NESN. Credit Suisse Group AG set a CHF 67.50 target price on Nestle SA and gave the company a “sell” rating in a research report on Monday, August 8th. HSBC set a CHF 73 price target on Nestle SA and gave the company 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 company a “neutral” rating in a research note on Wednesday, August 24th. JPMorgan Chase & Co. set a CHF 88 target price on Nestle SA and gave the stock a “buy” rating in a research note on Wednesday, September 28th. Finally, Berenberg Bank set a CHF 86 target price on Nestle SA and gave the stock a “buy” rating in a research note on Tuesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of CHF 83.79.
Shares of Nestle SA (VTX:NESN) opened at 75.60 on Monday. The stock has a 50 day moving average price of CHK 77.59 and a 200 day moving average price of CHK 74.92. Nestle SA has a 1-year low of CHK 69.00 and a 1-year high of CHK 80.05.
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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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