Nestlé (OTCMKTS:NSRGY – Get Rating) was upgraded by equities research analysts at Deutsche Bank Aktiengesellschaft from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, The Fly reports.
A number of other brokerages have also weighed in on NSRGY. Exane BNP Paribas lowered Nestlé from an “outperform” rating to a “neutral” rating in a report on Wednesday, September 14th. Morgan Stanley upgraded Nestlé from an “equal weight” rating to an “overweight” rating in a report on Friday, January 6th. BNP Paribas downgraded Nestlé from an “outperform” rating to a “neutral” rating in a research report on Wednesday, September 14th. Berenberg Bank decreased their price objective on Nestlé from CHF 130 to CHF 126 and set a “buy” rating for the company in a research note on Tuesday, October 25th. Finally, Credit Suisse Group decreased their target price on Nestlé from CHF 126 to CHF 115 and set a “neutral” rating for the company in a research note on Friday, October 21st. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $126.14.
Nestlé Stock Performance
Shares of OTCMKTS NSRGY opened at $123.19 on Thursday. Nestlé has a 12 month low of $102.78 and a 12 month high of $133.87. The company has a quick ratio of 0.46, a current ratio of 0.80 and a debt-to-equity ratio of 0.85. The firm’s 50 day simple moving average is $116.93 and its 200-day simple moving average is $115.37.
Institutional Investors Weigh In On Nestlé
Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; and Zone Asia, Oceania and sub-Saharan Africa segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.
- Get a free copy of the StockNews.com research report on Nestlé (NSRGY)
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