Nestle SA (NESN) Given Average Recommendation of “Buy” by Brokerages
Nestle SA (VTX:NESN) has earned an average rating of “Buy” from the twenty-one analysts that are covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is CHF 85.60.
A number of equities research analysts recently weighed in on the stock. UBS AG restated a “buy” rating on shares of Nestle SA in a research note on Friday, May 26th. Jefferies Group LLC set a CHF 80 price target on shares of Nestle SA and gave the stock a “neutral” rating in a research report on Wednesday, June 28th. Citigroup Inc. set a CHF 88 price target on shares of Nestle SA and gave the stock a “buy” rating in a research report on Thursday. J P Morgan Chase & Co set a CHF 87 price objective on Nestle SA and gave the stock a “buy” rating in a report on Tuesday, June 27th. Finally, S&P Global set a CHF 95 price objective on Nestle SA and gave the stock a “buy” rating in a report on Tuesday, June 27th.
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Shares of Nestle SA (VTX:NESN) traded up 0.79% during mid-day trading on Friday, reaching CHK 83.25. 5,111,344 shares of the company were exchanged. The company’s 50-day moving average is CHK 82.75 and its 200 day moving average is CHK 78.38. Nestle SA has a 12 month low of CHK 67.00 and a 12 month high of CHK 86.00.
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 operates in the United States, Greater China Region, Switzerland and Rest of the World.
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