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Analysts Offer Insights on Consumer Goods Companies: Nestlé SA (OtherNSRGF) and Metcash Limited (OtherMCSHF)

Companies in the Consumer Goods sector have received a lot of coverage today as analysts weigh in on Nestlé SA (NSRGFResearch Report) and Metcash Limited (MCSHFResearch Report).

Nestlé SA (NSRGF)

In a report released today, Pinar Ergun from Morgan Stanley downgraded Nestlé SA to Hold, with a price target of CHF123.00. The company’s shares closed last Monday at $117.25.

Ergun has an average return of 2.9% when recommending Nestlé SA.

According to TipRanks.com, Ergun is ranked #2992 out of 7911 analysts.

Currently, the analyst consensus on Nestlé SA is a Moderate Buy with an average price target of $132.48, a 12.9% upside from current levels. In a report issued on June 17, Credit Suisse also maintained a Hold rating on the stock with a CHF128.00 price target.

See the top stocks recommended by analysts >>

Metcash Limited (MCSHF)

According to TipRanks.com, Cousins is a 4-star analyst with an average return of 12.1% and a 55.6% success rate. Cousins covers the Consumer Goods sector, focusing on stocks such as Treasury Wine Estates Limited, Harvey Norman Holdings Ltd, and Coles Group Ltd.

Currently, the analyst consensus on Metcash Limited is a Moderate Buy with an average price target of $3.22, which is a 7.9% upside from current levels. In a report issued on June 24, Credit Suisse also maintained a Buy rating on the stock with a price target.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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