Nestle (OTCMKTS:NSRGF)‘s stock had its “buy” rating restated by Kepler Capital Markets in a note issued to investors on Monday, AnalystRatings.com reports.
NSRGF has been the topic of several other reports. Jefferies Financial Group reissued a “hold” rating on shares of Nestle in a research note on Friday, June 12th. HSBC reissued a “hold” rating on shares of Nestle in a research note on Wednesday, April 8th. Credit Suisse Group reissued a “hold” rating on shares of Nestle in a research note on Wednesday, April 15th. Royal Bank of Canada reissued a “sell” rating on shares of Nestle in a research note on Sunday, June 7th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Nestle in a research report on Thursday, June 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold”.
Shares of OTCMKTS NSRGF opened at $110.50 on Monday. The business’s 50 day moving average is $108.60 and its two-hundred day moving average is $107.05. Nestle has a 1-year low of $84.20 and a 1-year high of $114.93.
An institutional investor recently bought a new position in Nestle stock. Fis Group Inc. bought a new stake in shares of Nestle SA (OTCMKTS:NSRGF) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 13,225 shares of the company’s stock, valued at approximately $1,360,000. Nestle accounts for 1.1% of Fis Group Inc.’s holdings, making the stock its 12th largest holding.
Nestle Company Profile
Nestlé SA, together with its subsidiaries, operates as a food and beverage company. The company operates through Zone Europe, Middle East and North Africa; Zone Americas; Zone Asia, Oceania and sub-Saharan Africa; and Nestlé Waters segments. It offers baby foods under the Cerelac, Gerber, and NaturNes brands; bottled water under the Nestlé Pure Life, Perrier, Poland Spring, and S.Pellegrino brands; cereals under the Fitness, Nesquik, cheerios, and Lion Cereals brands; and chocolate and confectionery products under the KitKat, Nestle L'atelier, Nestle Toll House, Milkybar, Smarties, Quality Street, Aero, Garoto, Orion, and Cailler brands.
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