Nestle SA (NSRGY) Receives Consensus Rating of “Buy” from Brokerages
Shares of Nestle SA (OTCMKTS:NSRGY) have been assigned an average rating of “Buy” from the nine brokerages that are presently covering the stock. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $89.00.
NSRGY has been the topic of a number of research analyst reports. RBC Capital Markets reissued a “top pick” rating on shares of Nestle SA in a report on Thursday, September 8th. Societe Generale reissued a “hold” rating on shares of Nestle SA in a report on Tuesday, June 28th. Morgan Stanley reissued an “overweight” rating on shares of Nestle SA in a report on Tuesday, July 5th. Zacks Investment Research raised shares of Nestle SA from a “sell” rating to a “hold” rating in a report on Wednesday, July 13th. Finally, Goldman Sachs Group Inc. raised shares of Nestle SA from a “neutral” rating to a “buy” rating in a report on Tuesday, September 13th.
Nestle SA (OTCMKTS:NSRGY) traded down 0.18% during midday trading on Thursday, hitting $75.55. The stock had a trading volume of 155,199 shares. The company’s 50 day moving average is $79.14 and its 200 day moving average is $76.95. The company has a market cap of $233.07 billion, a price-to-earnings ratio of 26.56 and a beta of 0.65. Nestle SA has a 1-year low of $68.00 and a 1-year high of $83.25.
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Institutional investors have recently added to or reduced their stakes in the stock. Associated Banc Corp raised its position in Nestle SA by 15.0% in the first quarter. Associated Banc Corp now owns 10,966 shares of the company’s stock valued at $823,000 after buying an additional 1,430 shares in the last quarter. Motley Fool Wealth Management LLC raised its stake in shares of Nestle SA by 10.0% in the first quarter. Motley Fool Wealth Management LLC now owns 64,918 shares of the company’s stock worth $4,844,000 after buying an additional 5,877 shares during the period. Fairfield Bush & CO. raised its stake in shares of Nestle SA by 0.5% in the first quarter. Fairfield Bush & CO. now owns 5,795 shares of the company’s stock worth $432,000 after buying an additional 31 shares during the period. Lebenthal Asset Management LLC purchased a new stake in shares of Nestle SA during the first quarter worth about $1,220,000. Finally, Gardiner Nancy B raised its stake in shares of Nestle SA by 7.5% in the first quarter. Gardiner Nancy B now owns 12,009 shares of the company’s stock worth $896,000 after buying an additional 840 shares during the period. 1.58% of the stock is currently owned by institutional investors.
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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