In a report released today, Tom Sykes from Deutsche Bank maintained a Hold rating on Nestlé SA (NSRGF – Research Report), with a price target of CHF120.00. The company’s shares closed last Thursday at $128.87.
According to TipRanks.com, Sykes is ranked #4695 out of 7935 analysts.
Nestlé SA has an analyst consensus of Moderate Buy, with a price target consensus of $133.74, a 4.3% upside from current levels. In a report released yesterday, RBC Capital also maintained a Hold rating on the stock with a CHF98.00 price target.
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 33 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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