Nestle (VTX:NESN) has been given a CHF 74 target price by equities researchers at BNP Paribas in a research note issued to investors on Tuesday. The brokerage currently has a “sell” rating on the stock. BNP Paribas’ price objective would suggest a potential downside of 3.27% from the stock’s current price.
A number of other research analysts have also recently issued reports on the stock. JPMorgan Chase restated a “buy” rating on shares of Nestle in a report on Monday, December 18th. Credit Suisse Group set a CHF 70 price objective on shares of Nestle and gave the company a “sell” rating in a report on Monday, February 19th. Goldman Sachs set a CHF 95 price objective on shares of Nestle and gave the company a “buy” rating in a report on Wednesday, March 21st. Citigroup set a CHF 96 price objective on shares of Nestle and gave the company a “buy” rating in a report on Tuesday, January 16th. Finally, Societe Generale set a CHF 89 price objective on shares of Nestle and gave the company a “neutral” rating in a report on Monday, January 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of CHF 86.63.
Shares of VTX NESN opened at CHF 76.50 on Tuesday. Nestle has a 52-week low of CHF 73.34 and a 52-week 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.
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