Nestle (OTCMKTS:NSRGF) Stock Rating Reaffirmed by Barclays

Nestle (OTCMKTS:NSRGF)‘s stock had its “buy” rating reiterated by stock analysts at Barclays in a report issued on Monday, AnalystRatings.com reports.

A number of other research firms have also recently issued reports on NSRGF. UBS Group reaffirmed a “buy” rating on shares of Nestle in a report on Thursday, March 26th. Kepler Capital Markets reaffirmed a “buy” rating on shares of Nestle in a report on Monday. Jefferies Financial Group reaffirmed a “hold” rating on shares of Nestle in a report on Friday, June 12th. Royal Bank of Canada reaffirmed a “sell” rating on shares of Nestle in a report on Sunday, June 7th. Finally, Credit Suisse Group reaffirmed a “hold” rating on shares of Nestle in a report on Wednesday, April 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Nestle currently has a consensus rating of “Hold”.

Nestle stock opened at $110.50 on Monday. The stock has a 50-day simple moving average of $108.60 and a 200 day simple moving average of $107.05. Nestle has a 12-month low of $84.20 and a 12-month high of $114.93.

A hedge fund recently bought a new stake in Nestle stock. Fis Group Inc. purchased a new stake in Nestle SA (OTCMKTS:NSRGF) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 13,225 shares of the company’s stock, valued at approximately $1,360,000. Nestle comprises 1.1% of Fis Group Inc.’s portfolio, making the stock its 12th biggest position.

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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Analyst Recommendations for Nestle (OTCMKTS:NSRGF)

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