Nestle SA (NSRGY) Receives Consensus Rating of “Buy” from Analysts
Nestle SA (OTCMKTS:NSRGY) has been given a consensus recommendation of “Buy” by the nine analysts that are currently covering the stock. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, four have given a buy rating and two have issued a strong buy rating on the company.
Several analysts have weighed in on the company. RBC Capital Markets reissued a “top pick” rating on shares of Nestle SA in a report on Thursday, September 8th. Deutsche Bank AG raised Nestle SA from a “hold” rating to a “buy” rating in a research note on Friday, September 9th. Credit Suisse Group AG reaffirmed an “underperform” rating on shares of Nestle SA in a research note on Friday, November 4th. Royal Bank Of Canada raised Nestle SA from an “outperform” rating to a “top pick” rating in a research note on Thursday, September 8th. Finally, Goldman Sachs Group Inc. raised Nestle SA from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 13th.
Several institutional investors have recently modified their holdings of NSRGY. FTB Advisors Inc. raised its position in shares of Nestle SA by 3.5% in the second quarter. FTB Advisors Inc. now owns 1,572 shares of the company’s stock valued at $120,000 after buying an additional 53 shares in the last quarter. Feltz Wealth PLAN Inc. acquired a new position in shares of Nestle SA during the second quarter valued at about $150,000. Pinnacle Wealth Management Advisory Group LLC acquired a new position in shares of Nestle SA during the third quarter valued at about $203,000. Advisor Partners LLC acquired a new position in shares of Nestle SA during the second quarter valued at about $219,000. Finally, First National Trust Co. acquired a new position in shares of Nestle SA during the second quarter valued at about $271,000. Institutional investors and hedge funds own 1.57% of the company’s stock.
Shares of Nestle SA (OTCMKTS:NSRGY) opened at 67.84 on Thursday. Nestle SA has a 12-month low of $67.73 and a 12-month high of $83.25. The firm has a market capitalization of $209.29 billion, a PE ratio of 24.01 and a beta of 0.73. The company’s 50 day moving average is $73.82 and its 200 day moving average is $76.58.
About Nestle SA
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’s product categories include powered and liquid beverages; water; milk products and ice cream; nutrition and health science; confectionery, and PetCare.
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