Nestlé S.A. (OTCMKTS:NSRGF) Given Average Rating of “Buy” by Brokerages

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Shares of Nestlé S.A. (OTCMKTS:NSRGF) have received an average recommendation of “Buy” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have given a buy recommendation to the company.

NSRGF has been the topic of a number of research reports. Kepler Capital Markets restated a “buy” rating on shares of Nestlé in a research report on Friday, February 12th. Jefferies Financial Group reiterated a “hold” rating on shares of Nestlé in a research report on Monday, February 22nd. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Nestlé in a research report on Thursday, March 18th.

An institutional investor recently raised its position in Nestlé stock. Gardner Russo & Gardner LLC increased its position in shares of Nestlé S.A. (OTCMKTS:NSRGF) by 0.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 42,370 shares of the company’s stock after buying an additional 120 shares during the quarter. Gardner Russo & Gardner LLC’s holdings in Nestlé were worth $4,997,000 at the end of the most recent quarter.

NSRGF stock traded down $2.62 during midday trading on Monday, reaching $115.81. 4,532 shares of the stock were exchanged, compared to its average volume of 33,916. Nestlé has a 52 week low of $100.00 and a 52 week high of $124.25. The company has a fifty day moving average price of $111.05 and a 200 day moving average price of $113.74.

About Nestlé

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 Nestlé (OTCMKTS:NSRGF)

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