Nestlé SA (NSRGF) Receives a Buy from Kepler Capital
Kepler Capital analyst Jon Cox maintained a Buy rating on Nestlé SA on January 21 and set a price target of CHF90.00. The company’s shares closed yesterday at CHF72.98.
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Cox covers the Consumer Defensive sector, focusing on stocks such as Nestlé SA, Barry Callebaut AG, and DANONE SA. According to TipRanks, Cox has an average return of 3.6% and a 53.96% success rate on recommended stocks.
Currently, the analyst consensus on Nestlé SA is a Hold with an average price target of CHF82.44, a 12.96% upside from current levels. In a report released on January 19, Berenberg Bank also maintained a Buy rating on the stock with a CHF92.00 price target.
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 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
