Deutsche Bank Reaffirms Their Hold Rating on Nestlé SA (NSRGF)

In a report released today, Tom Sykes from Deutsche Bank maintained a Hold rating on Nestlé SA, with a price target of CHF81.00. The company’s shares closed yesterday at $94.01.

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According to TipRanks, Sykes is a 3-star analyst with an average return of 2.4% and a 53.81% success rate. Sykes covers the Consumer Defensive sector, focusing on stocks such as Unilever, Nestlé SA, and DANONE SA.

In addition to Deutsche Bank , Nestlé SA also received a Hold from J.P. Morgan’s Celine Pannuti CFA in a report issued on October 10. However, on October 6, Kepler Capital maintained a Buy rating on Nestlé SA (Other OTC: NSRGF).

NSRGF market cap is currently $237.7B and has a P/E ratio of 20.13.

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NSRGF in relation to earlier this year.