Nestlé (VTX:NESN) PT Set at CHF 88 by Credit Suisse Group
Nestlé (VTX:NESN) has been given a CHF 88 price objective by research analysts at Credit Suisse Group in a research report issued on Monday, Borsen Zeitung reports. The brokerage presently has a “sell” rating on the stock.
A number of other research firms also recently weighed in on NESN. JPMorgan Chase & Co. set a CHF 100 target price on Nestlé and gave the stock a “buy” rating in a research report on Wednesday, May 8th. Royal Bank of Canada set a CHF 88 target price on Nestlé and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. UBS Group set a CHF 109 price objective on Nestlé and gave the company a “buy” rating in a report on Wednesday, April 24th. HSBC set a CHF 105 price objective on Nestlé and gave the company a “neutral” rating in a report on Friday, June 28th. Finally, Goldman Sachs Group set a CHF 99 price objective on Nestlé and gave the company a “buy” rating in a report on Thursday, April 18th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of CHF 101.83.
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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