Nestle (VTX:NESN) has been assigned a CHF 97 target price by analysts at JPMorgan Chase & Co. in a research note issued on Tuesday, January 23rd. The brokerage presently has a “buy” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 25.45% from the stock’s current price.
A number of other equities research analysts have also recently weighed in on the company. Goldman Sachs Group set a CHF 95 price target on Nestle and gave the company a “buy” rating in a research note on Thursday, December 7th. Royal Bank of Canada set a CHF 87 price target on Nestle and gave the company a “buy” rating in a research note on Tuesday, October 24th. Kepler Capital Markets set a CHF 95 price target on Nestle and gave the company a “buy” rating in a research note on Wednesday, December 6th. Societe Generale set a CHF 89 price target on Nestle and gave the company a “neutral” rating in a research note on Monday, January 15th. Finally, UBS Group set a CHF 92 price target on Nestle and gave the company a “buy” rating in a research note on Thursday, October 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of CHF 87.62.
Nestle (NESN) traded up CHF 1.14 on Tuesday, reaching CHF 77.32. Nestle has a twelve month low of CHF 71.45 and a twelve month high of CHF 86.40. The company has a market cap of $240,630.00 and a price-to-earnings ratio of 25.77.
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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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