Nestle SA (VTX:NESN) has been assigned a consensus rating of “Hold” from the nineteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. The average 1-year target price among brokers that have covered the stock in the last year is CHF 87.31.
A number of equities research analysts have recently issued reports on the company. Goldman Sachs Group set a CHF 95 price objective on Nestle and gave the stock a “buy” rating in a research note on Thursday. Citigroup set a CHF 93 price objective on Nestle and gave the stock a “buy” rating in a research note on Wednesday, September 27th. UBS set a CHF 91 price objective on Nestle and gave the stock a “buy” rating in a research note on Tuesday, September 26th. J P Morgan Chase & Co set a CHF 97 price objective on Nestle and gave the stock a “buy” rating in a research note on Tuesday. Finally, Societe Generale set a CHF 89 price objective on Nestle and gave the stock a “neutral” rating in a research note on Wednesday, September 27th.
Nestle (VTX:NESN) traded down CHF 0.30 during trading hours on Thursday, reaching CHF 85.50. The company’s stock had a trading volume of 4,570,000 shares, compared to its average volume of 5,210,000. Nestle has a 52-week low of CHF 67.75 and a 52-week high of CHF 86.40.
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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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