Nestle Nigeria traded at 2,662.00 this Friday February 13th, increasing 242.00 or 10.00 percent since the previous trading session. Looking back, over the last four weeks, Nestle Nigeria gained 35.96 percent. Over the last 12 months, its price rose by 173.03 percent. Looking ahead, we forecast Nestle Nigeria to be priced at 1,582.87 by the end of this quarter and at 1,560.18 in one year, according to Trading Economics global macro models projections and analysts expectations.
Nestle Nigeria Plc is a Nigeria-based food and beverage company. The Company is engaged in the manufacturing, marketing, and distribution of food products, including purified water throughout the country. The Company also exports some of its products to other countries within and outside Africa. Its segments include Food and Beverages. The Food segment includes the production and sale of Maggi, Cerelac, Nan, Lactogen, and Golden Morn. The Beverages segment includes the production and sale of Milo, Chocomilo, Nescafe, Milo ready-to-drink (RTD) and Nestle Pure Life, and Coffee RTD. The Company’s brands include African Coffee, BIFIDUS BL, Carnation Tea Creamer, Coconut Milk Punch, KitKat, Maggi, Nescafe, Nestle Gloria, Nestle Cerelac, Nescafe Breakfast, and others.