Berenberg Bank set a CHF 116 price objective on Nestlé (VTX:NESN) in a research note released on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Other equities research analysts have also issued research reports about the company. Royal Bank of Canada set a CHF 81 price target on Nestlé and gave the stock a sell rating in a research note on Monday. Goldman Sachs Group set a CHF 115 price target on Nestlé and gave the stock a buy rating in a research note on Thursday, February 13th. Morgan Stanley set a CHF 120 price target on Nestlé and gave the stock a buy rating in a research note on Friday, February 14th. Credit Suisse Group set a CHF 97 target price on Nestlé and gave the company a neutral rating in a research note on Tuesday, March 10th. Finally, HSBC set a CHF 108 target price on Nestlé and gave the company a neutral rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average price target of CHF 106.80.
Nestlé has a 52 week low of CHF 73.34 and a 52 week high of CHF 86.40.
Nestle SA is a nutrition, health and wellness company. The Company’s segments are Zone Europe, Middle East and North Africa (EMENA); Zone Americas (AMS); Zone Asia, Oceania and sub-Saharan Africa (AOA); Nestle Waters; Nestle Nutrition, and Other Businesses. The Company operates in the United States, Greater China Region, Switzerland and Rest of the World.
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