Barclays Keeps a Buy Rating on Nestlé SA (NSRGF)

By Ryan Adsit

In a report released today, Warren Ackerman from Barclays maintained a Buy rating on Nestlé SA (NSRGFResearch Report), with a price target of CHF112.00. The company’s shares closed last Friday at $111.15, close to its 52-week high of $114.93.

According to, Ackerman is a 4-star analyst with an average return of 6.0% and a 77.4% success rate. Ackerman covers the Consumer Goods sector, focusing on stocks such as Unilever NV, Unilever, and Unilever.

Currently, the analyst consensus on Nestlé SA is a Moderate Buy with an average price target of $115.23, representing a 4.3% upside. In a report issued on June 15, Kepler Capital also maintained a Buy rating on the stock with a CHF115.00 price target.

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The company has a one-year high of $114.93 and a one-year low of $84.20. Currently, Nestlé SA has an average volume of 28.26K.

Based on the recent corporate insider activity of 19 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NSRGF in relation to earlier this year.

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Nestlé SA is a nutrition, health and wellness company, which engages in the manufacture, supply and production of prepared dishes and cooking aids, milk-based products, pharmaceuticals and ophthalmic goods, baby foods and cereals. The company products portfolio includes powdered and liquid beverages, water, milk products and ice cream, nutrition and health science, prepared dishes and cooking aids, confectionery, and pet care. It operates through the following segments: Zone EMENA, Zone Americas, Zone Asia, Oceania & Africa, Nestlé Waters, Nestlé Nutrition, and Other Businesses. The Other Business segment is comprised of Nespresso, Nestle Health Science and Nestle Skin Health. The company was founded by Henri Nestlé in 1866 and is headquartered in Vevey, Switzerland.