Nestlé (VTX:NESN) received a CHF 95 target price from research analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday, October 10th. The brokerage currently has a “buy” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 24.18% from the company’s previous close.
Other equities research analysts have also issued reports about the stock. Goldman Sachs Group set a CHF 94 price objective on shares of Nestlé and gave the stock a “buy” rating in a report on Monday, October 8th. Jefferies Financial Group set a CHF 94 price objective on shares of Nestlé and gave the stock a “buy” rating in a report on Tuesday, October 2nd. Sanford C. Bernstein set a CHF 84 price objective on shares of Nestlé and gave the stock a “neutral” rating in a report on Monday, September 24th. BNP Paribas set a CHF 81 price objective on shares of Nestlé and gave the stock a “neutral” rating in a report on Thursday, September 20th. Finally, Credit Suisse Group set a CHF 70 price objective on shares of Nestlé and gave the stock a “sell” rating in a report on Wednesday, September 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of CHF 88.11.
Nestlé stock traded up CHF 0.06 during mid-day trading on Wednesday, hitting CHF 76.50. 15,650,000 shares of the company traded hands, compared to its average volume of 6,940,000. Nestlé has a one year low of CHF 73.34 and a one year 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.
Receive News & Ratings for Nestlé Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nestlé and related companies with MarketBeat.com's FREE daily email newsletter.