Brokerages Set Nestlé S.A. (OTCMKTS:NSRGY) Price Target at $91.00

Nestlé S.A. (OTCMKTS:NSRGY) has earned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $91.00.

NSRGY has been the subject of a number of research analyst reports. Royal Bank of Canada downgraded shares of Nestlé from an “outperform” rating to a “sector perform” rating in a report on Friday, March 21st. BNP Paribas downgraded shares of Nestlé from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 15th. Finally, Morgan Stanley cut Nestlé from an “equal weight” rating to an “underweight” rating and set a $91.00 price target on the stock. in a report on Friday, April 4th.

Institutional Trading of Nestlé

A number of large investors have recently made changes to their positions in NSRGY. Ameriflex Group Inc. acquired a new stake in shares of Nestlé during the 4th quarter worth about $26,000. Core Alternative Capital acquired a new stake in Nestlé during the first quarter worth approximately $29,000. Flagship Wealth Advisors LLC purchased a new stake in Nestlé in the 4th quarter worth approximately $33,000. Thompson Investment Management Inc. acquired a new position in Nestlé in the 4th quarter valued at $33,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Nestlé during the 4th quarter worth $45,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

Nestlé Trading Up 0.6 %

OTCMKTS:NSRGY opened at $105.59 on Thursday. Nestlé has a 1 year low of $80.11 and a 1 year high of $110.46. The stock has a fifty day moving average price of $103.23 and a two-hundred day moving average price of $92.76. The company has a current ratio of 0.85, a quick ratio of 0.52 and a debt-to-equity ratio of 1.63.

Nestlé Company Profile

Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone North America; Zone Europe; Zone Asia, Oceania, and Africa; Zone Latin America; Zone Greater China; Nespresso; and Nestlé Health Science segments. It offers baby foods under the Cerelac, Gerber, Nido, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Vittel, Buxton, Erikli, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Smarties, Aero, Nestlé Les Recettes de l'Atelier, Milkybar, Baci Perugina, Quality Street, and Fitness brands.