Shares of Nestlé S.A. (OTCMKTS:NSRGY – Get Rating) have earned a consensus rating of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $110.80.
Several brokerages recently commented on NSRGY. Royal Bank of Canada upped their target price on Nestlé from CHF 96 to CHF 98 and gave the company a “sector perform” rating in a report on Friday, April 22nd. Zacks Investment Research raised Nestlé from a “sell” rating to a “hold” rating in a research note on Thursday, March 31st. Morgan Stanley dropped their price target on Nestlé from CHF 140 to CHF 135 in a research note on Wednesday, February 23rd. Exane BNP Paribas raised Nestlé from a “neutral” rating to an “outperform” rating and boosted their price target for the company from CHF 132 to CHF 135 in a research note on Monday, March 14th. Finally, UBS Group boosted their price target on Nestlé from €50.00 ($52.08) to €51.00 ($53.13) in a research note on Tuesday, March 29th.
Shares of NSRGY stock opened at $119.61 on Thursday. The business’s 50 day simple moving average is $127.77 and its 200 day simple moving average is $130.45. Nestlé has a one year low of $118.02 and a one year high of $141.95. The company has a current ratio of 0.98, a quick ratio of 0.68 and a debt-to-equity ratio of 0.68.
About Nestlé (Get Rating)
Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; and Zone Asia, Oceania and sub-Saharan Africa segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.
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