UBS analyst Guillaume Delmas maintained a Buy rating on Nestlé SA (NSRGF – Research Report) today and set a price target of CHF117.00. The company’s shares closed yesterday at $101.76.
According to TipRanks, Delmas is an analyst with an average return of -2.4% and a 39.76% success rate.
In addition to UBS, Nestlé SA also received a Buy from Deutsche Bank’s Tom Sykes in a report issued yesterday. However, today, Bernstein maintained a Hold rating on Nestlé SA (Other OTC: NSRGF).
The company has a one-year high of $132.00 and a one-year low of $100.34. Currently, Nestlé SA has an average volume of 37.24K.
Based on the recent corporate insider activity of 17 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NSRGF in relation to earlier this year.
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Nestlé SA (NSRGF) Company Description:
Nestlé SA is a nutrition, health and wellness company, which engages in the manufacture, supply and production of prepared dishes and cooking aids, milk-based products, pharmaceuticals and ophthalmic goods, baby foods and cereals. The company products portfolio includes powdered and liquid beverages, water, milk products and ice cream, nutrition and health science, prepared dishes and cooking aids, confectionery, and pet care. It operates through the following segments: Zone EMENA, Zone Americas, Zone Asia, Oceania & Africa, Nestlé Waters, Nestlé Nutrition, and Other Businesses. The Other Business segment is comprised of Nespresso, Nestle Health Science and Nestle Skin Health. The company was founded by Henri Nestlé in 1866 and is headquartered in Vevey, Switzerland.
