Jefferies Sticks to Their Sell Rating for Nestlé SA (NSRGF)
Jefferies analyst David Hayes maintained a Sell rating on Nestlé SA (NSRGF – Research Report) today and set a price target of CHF77.00. The company's shares closed last Friday at $107.30.
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According to TipRanks, Hayes is ranked #3370 out of 9536 analysts.
Nestlé SA has an analyst consensus of Hold, with a price target consensus of $105.51.
Based on Nestlé SA's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $46.49 billion and a net profit of $5.24 billion. In comparison, last year the company earned a revenue of $46.71 billion and had a net profit of $5.56 billion
Based on the recent corporate insider activity of 11 insiders, corporate insider sentiment is neutral on the stock.
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