UBS Group set a CHF 88 price objective on Nestle (VTX:NESN) in a research note released on Thursday morning, www.boersen-zeitung.de reports. The brokerage currently has a neutral rating on the stock.
Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. set a CHF 93 price target on Nestle and gave the stock a buy rating in a report on Wednesday, September 13th. Morgan Stanley set a CHF 90 price target on Nestle and gave the stock a buy rating in a report on Monday, September 25th. Deutsche Bank set a CHF 90 price target on Nestle and gave the stock a buy rating in a report on Wednesday, September 27th. Goldman Sachs Group set a CHF 95 price target on Nestle and gave the stock a buy rating in a report on Wednesday, September 27th. Finally, Kepler Capital Markets set a CHF 93 price target on Nestle and gave the stock a buy rating in a report on Tuesday, September 26th. 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 stock has an average rating of Hold and a consensus price target of CHF 87.08.
Shares of Nestle (NESN) opened at CHF 82.48 on Thursday. The stock has a market capitalization of $256,690.00 and a P/E ratio of 27.49. Nestle has a 1-year low of CHF 71.45 and a 1-year high of CHF 86.40.
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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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