JPMorgan Chase & Co. Reiterates CHF 97 Price Target for Nestle (NESN)

Nestle (VTX:NESN) has been assigned a CHF 97 price target by research analysts at JPMorgan Chase & Co. in a report released on Tuesday. The firm presently has a “buy” rating on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 16.67% from the company’s previous close.

Other equities research analysts have also recently issued reports about the company. Barclays set a CHF 84.60 price objective on Nestle and gave the stock a “neutral” rating in a research note on Monday. Deutsche Bank set a CHF 95 target price on Nestle and gave the company a “buy” rating in a research report on Tuesday. Goldman Sachs Group set a CHF 95 target price on Nestle and gave the company a “buy” rating in a research report on Tuesday. UBS Group set a CHF 92 target price on Nestle and gave the company a “buy” rating in a research report on Thursday, October 19th. Finally, Baader Bank set a CHF 90 target price on Nestle and gave the company a “buy” rating in a research report on Wednesday, January 17th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. Nestle has a consensus rating of “Hold” and an average price target of CHF 87.62.

Shares of Nestle (VTX:NESN) traded up CHF 0.58 during mid-day trading on Tuesday, hitting CHF 83.14. The stock had a trading volume of 5,910,000 shares, compared to its average volume of 5,050,000. Nestle has a 1 year low of CHF 71.45 and a 1 year high of CHF 86.40. The company has a market capitalization of $258,740.00 and a PE ratio of 27.71.

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About Nestle

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.

Analyst Recommendations for Nestle (VTX:NESN)

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