Todays Report: The Nestle SA (NSRGY) Given Average Recommendation of “Buy” from Brokerages

The Nestle SA (NSRGY) Given Average Recommendation of “Buy” from Brokerages

Shares of Nestle SA (OTCMKTS:NSRGY) have been assigned a consensus recommendation of “Buy” from the nine ratings firms that are currently covering the firm. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $89.00.

Several research firms recently commented on NSRGY. RBC Capital Markets reiterated a “top pick” rating on shares of Nestle SA in a research note on Thursday, September 8th. Societe Generale reiterated a “hold” rating on shares of Nestle SA in a research note on Tuesday, June 28th. Morgan Stanley reiterated an “overweight” rating on shares of Nestle SA in a research note on Tuesday, July 5th. Zacks Investment Research upgraded shares of Nestle SA from a “sell” rating to a “hold” rating in a research note on Wednesday, July 13th. Finally, Goldman Sachs Group Inc. upgraded shares of Nestle SA from a “neutral” rating to a “buy” rating in a research note on Tuesday, September 13th.

Several institutional investors have recently made changes to their positions in NSRGY. FTB Advisors Inc. boosted 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 worth $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 worth about $150,000. Advisor Partners LLC acquired a new position in shares of Nestle SA during the second quarter worth about $219,000. First National Trust Co. purchased a new stake in Nestle SA during the second quarter valued at $271,000. Finally, HighPoint Advisor Group LLC raised its stake in Nestle SA by 46.0% in the second quarter. HighPoint Advisor Group LLC now owns 3,443 shares of the company’s stock valued at $273,000 after buying an additional 1,085 shares during the last quarter. Institutional investors own 1.57% of the company’s stock.

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