Berenberg Bank Sticks to Its Buy Rating for Nestlé SA (NSRGF)
In a report released today, Fulvio Cazzol from Berenberg Bank maintained a Buy rating on Nestlé SA, with a price target of CHF92.00.
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Cazzol covers the Consumer Defensive sector, focusing on stocks such as Nestlé SA, DANONE SA, and Henkel AG & Co. KGaA. According to TipRanks, Cazzol has an average return of 0.0% and a 46.39% success rate on recommended stocks.
In addition to Berenberg Bank, Nestlé SA also received a Buy from Kepler Capital ‘s Jon Cox in a report issued on January 6. However, on January 16, J.P. Morgan maintained a Hold rating on Nestlé SA (Other OTC: NSRGF).
NSRGF market cap is currently CHF190.3B and has a P/E ratio of 18.79.
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
