Nestlé shares could get back into a rising trend over the medium term, as suggested by technical indicators. Investors have an opportunity to buy the stock and target the CHF 84.
The share is getting closer to its long-term support in weekly data, at CHF 75.7, which offers good timing for buyers.
Graphically speaking, the timing seems perfect for purchasing the stock close to the CHF 74.96 support.
Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
This company will be of major interest to investors in search of a high dividend stock.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
According to forecast, a sluggish sales growth is expected for the next fiscal years.
The company's earnings releases usually do not meet expectations.
For the last four months, the sales outlook for the coming years has been revised downwards. No recovery of the group's activities is yet foreseen.
For the past seven days, analysts have been lowering their EPS expectations for the company.
The underlying tendency is negative on the weekly chart below the resistance at 80.55 CHF