In a report released today, Callum Elliott from Bernstein maintained a Hold rating on Nestlé SA, with a price target of CHF79.00. The company’s shares closed yesterday at $93.95.
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Elliott covers the Consumer Defensive sector, focusing on stocks such as Nestlé SA, Unilever, and DANONE SA. According to TipRanks, Elliott has an average return of -0.1% and a 45.31% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nestlé SA with a $104.30 average price target, implying an 11.01% upside from current levels. In a report released today, UBS also maintained a Hold rating on the stock with a CHF80.00 price target.
NSRGF market cap is currently $242.4B and has a P/E ratio of 20.34.
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.
Read More on NSRGF:
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- Nestle plans global headcount reduction of 16,000 over next two years
- Nestle expects FY25 organic sales growth to improve compared to FY24
- Nestle reports 9M sales CHF 65.9B vs. CHF 67.1B last year
- Nestle increases cost savings target to CHF 3B by end of 2027
- Nestlé SA: Balancing Positive Growth with Ongoing Challenges – Hold Rating Maintained
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