Nestle : Very strong start to the year (+7.7% LFL), with reassuring price impacts and strong volume/mix growth (+6.4%)
>A welcome surprise - Outperform rating maintained on a stock we consider to be a future core holding, i.e. a strategically focused and operationally diversified group. With a 2021e PE of 24x, potential for rerating remains significant over the long term vs peers, which are trading on between 25x and 30x in consumer staples. In recent months, the stock has suffered, along with other groups exposed to the mass market, from the theme of the return of inflation. As such,...Nestle is a holding company which is based in Switzerland. Through its subsidiaries and allied companies, Co. is engaged in the food processing industry. Co.'s product portfolio has seven categories, Powder and Liquid Beverages, Nutritional and Health Science, Milk products and ice cream, Prepared dishes and cooking aids, PetCare, Confectionery and Water.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.