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Berenberg Bank Remains a Buy on Nestlé SA (NSRGF)

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Berenberg Bank analyst James Targett maintained a Buy rating on Nestlé SA (NSRGFResearch Report) yesterday and set a price target of CHF139.00. The company’s shares closed last Tuesday at $128.28.

According to TipRanks.com, Targett is a 1-star analyst with an average return of -2.8% and a 53.0% success rate. Targett covers the Consumer Goods sector, focusing on stocks such as International Flavors & Fragrances, Mondelez International, and Kraft Heinz.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nestlé SA with a $133.76 average price target, which is a 1.7% upside from current levels. In a report issued on April 18, J.P. Morgan also maintained a Buy rating on the stock with a CHF135.00 price target.

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Based on Nestlé SA’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NSRGF in relation to earlier this year.

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.

Nestlé SA is a nutrition, health and wellness company, which engages in the manufacture, supply and production of prepared dishes and cooking aids, milk-based products, pharmaceuticals and ophthalmic goods, baby foods and cereals. The company products portfolio includes powdered and liquid beverages, water, milk products and ice cream, nutrition and health science, prepared dishes and cooking aids, confectionery, and pet care. It operates through the following segments: Zone EMENA, Zone Americas, Zone Asia, Oceania & Africa, Nestlé Waters, Nestlé Nutrition, and Other Businesses. The Other Business segment is comprised of Nespresso, Nestle Health Science and Nestle Skin Health. The company was founded by Henri Nestlé in 1866 and is headquartered in Vevey, Switzerland.

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