Barclays Keeps Their Hold Rating on Nestlé SA (NSRGF)
In a report released today, Warren Ackerman from Barclays maintained a Hold rating on Nestlé SA, with a price target of CHF80.00.
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According to TipRanks, Ackerman is a 3-star analyst with an average return of 1.8% and a 52.44% success rate. Ackerman covers the Consumer Defensive sector, focusing on stocks such as Unilever, Nestlé SA, and DANONE SA.
In addition to Barclays, Nestlé SA also received a Hold from J.P. Morgan’s Celine Pannuti CFA in a report issued on February 24. However, on February 23, Morgan Stanley maintained a Sell 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 3.9M.
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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- Nestle price target raised to CHF 75 from CHF 74 at Morgan Stanley
- Nestle price target raised to CHF 77 from CHF 76 at Jefferies
- Nestlé: Solid Guidance but Lacking New Catalysts Justifies Hold Rating
- Nestle in ‘advanced negotiations’ to sell ice cream businesses to Froneri
- Nestle says ‘accelerating’ business transformation
