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Nestlé SA (NSRGF) Receives a Hold from J.P. Morgan

Tipranks - Wed Dec 31, 9:20PM CST

J.P. Morgan analyst Celine Pannuti CFA maintained a Hold rating on Nestlé SA yesterday. The company’s shares closed yesterday at CHF78.74.

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According to TipRanks, Pannuti CFA is an analyst with an average return of -2.4% and a 40.04% success rate. Pannuti CFA covers the Consumer Defensive sector, focusing on stocks such as Nestlé SA, Unilever, and DANONE SA.

The word on The Street in general, suggests a Hold analyst consensus rating for Nestlé SA with a $107.99 average price target, which is a 37.15% upside from current levels. In a report released yesterday, Bernstein also maintained a Hold rating on the stock with a CHF79.00 price target.

The company has a one-year high of CHF91.72 and a one-year low of CHF69.90. Currently, Nestlé SA has an average volume of 3.64M.

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.

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