Nestle SA Receives “Hold” Rating from Canaccord Genuity (NESN)

Canaccord Genuity restated their hold rating on shares of Nestle SA (VTX: NESN) in a report released on Wednesday, AnalystRatings.Net reports. Canaccord Genuity currently has a €69.00 ($89.61) price objective on the stock.

NESN has been the subject of a number of other recent research reports. Analysts at Helvea reiterated a neutral rating on shares of Nestle SA in a research note to investors on Wednesday, May 22nd. They now have a CHF 69 price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated a market perform rating on shares of Nestle SA in a research note to investors on Monday, May 20th. They now have a CHF 71 price target on the stock. Finally, analysts at AlphaValue reiterated an add rating on shares of Nestle SA in a research note to investors on Thursday, May 16th. They now have a CHF 70.70 price target on the stock.

Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of CHF 66.79.

Shares of Nestle SA (VTX: NESN) traded up 1.77% during mid-day trading on Wednesday, hitting CHK 63.25. Nestle SA has a one year low of CHK 53.85 and a one year high of CHK 70.00. The stock’s 50-day moving average is currently CHK 0..

Nestle SA is a Switzerland-based holding company of the Nestle Group (VTX: NESN) and is principally engaged in the development and production of food and beverage.

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