J.P. Morgan Sticks to Their Hold Rating for Nestlé SA (NSRGF)
J.P. Morgan analyst Celine Pannuti CFA maintained a Hold rating on Nestlé SA today and set a price target of CHF90.00.
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According to TipRanks, Pannuti CFA is an analyst with an average return of -2.7% and a 39.43% success rate. Pannuti CFA covers the Consumer Defensive sector, focusing on stocks such as L’Oreal, Nestlé SA, and Unilever.
In addition to J.P. Morgan, Nestlé SA also received a Hold from Barclays’s Warren Ackerman in a report issued yesterday. However, on January 6, Kepler Capital maintained a Buy rating on Nestlé SA (Other OTC: NSRGF).
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 3.73M.
Based on the recent corporate insider activity of 12 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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- Nestlé: Balancing Near‑Term Margin Pressure With Long‑Term Strategic Repositioning – Justifying a Hold Rating
- Nestle price target lowered to CHF 76 from CHF 81 at Jefferies
- Nestle price target lowered to CHF 85 from CHF 90 at Citi
- Cautious Outlook on Nestlé SA: Hold Rating Amid Modest Growth and Strategic Uncertainty
- Nestlé Announces Retirement of Key Executive Sanjay Bahadur
