Nestlé SA (NSRGF) Gets a Hold from Citi

In a report released today, Cedric Besnard from Citi maintained a Hold rating on Nestlé SA, with a price target of CHF85.00.

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Besnard covers the Consumer Defensive sector, focusing on stocks such as Nestlé SA, Tate & Lyle, and DANONE SA. According to TipRanks, Besnard has an average return of 3.6% and a 55.41% success rate on recommended stocks.

In addition to Citi, Nestlé SA also received a Hold from UBS’s Guillaume Delmas in a report issued yesterday. However, on December 8, Kepler Capital maintained a Buy rating on Nestlé SA (Other OTC: NSRGF).

Based on Nestlé SA’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of CHF44.41 billion and a net profit of CHF5.07 billion. In comparison, last year the company earned a revenue of CHF45.23 billion and had a net profit of CHF5.64 billion

Based on the recent corporate insider activity of 13 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.