Barclays Sticks to Its Hold Rating for Nestlé SA (NSRGF)
In a report released today, Warren Ackerman from Barclays maintained a Hold rating on Nestlé SA, with a price target of CHF80.00.
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According to TipRanks, Ackerman is a 3-star analyst with an average return of 1.3% and a 52.04% success rate. Ackerman covers the Consumer Defensive sector, focusing on stocks such as Unilever, Nestlé SA, and Chocoladefabriken Lindt & Spruengli AG.
In addition to Barclays, Nestlé SA also received a Hold from RBC Capital’s James Edwardes Jones in a report issued today. However, on February 12, Morgan Stanley maintained a Sell rating on Nestlé SA (Other OTC: NSRGF).
NSRGF market cap is currently CHF199.9B and has a P/E ratio of 19.73.
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NSRGF in relation to earlier this year.
Read More on NSRGF:
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- Hold Rating Maintained as New CEO Reaffirms Modest Growth and Incremental Strategy
- Nestlé Tightens Focus on Four Core Businesses as 2025 Growth Accelerates
- Nestle weighs reducing exposure to ice cream business, Bloomberg reports
- Nestle said to consider reduced ice cream exposure, Bloomberg reports
- Nestlé Targets Stronger Governance With New Directors and Board Overhaul
