Barclays analyst Andrew Lazar maintained a Buy rating on Nomad Foods (NOMD – Research Report) today and set a price target of $22.00. The company’s shares closed yesterday at $18.29.
Lazar covers the Consumer Defensive sector, focusing on stocks such as JM Smucker, Nomad Foods, and General Mills. According to TipRanks, Lazar has an average return of 5.7% and a 59.93% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nomad Foods with a $23.80 average price target, implying a 30.13% upside from current levels. In a report released on May 9, Mizuho Securities also maintained a Buy rating on the stock with a $26.00 price target.
NOMD market cap is currently $2.98B and has a P/E ratio of 15.30.
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Nomad Foods (NOMD) Company Description:
Nomad Foods Ltd. operates as a holding company, which manufactures and sells frozen foods for human consumption. It offers its products under the brands LUTOSA, la Cocinera, Birds Eye, Iglo, and Findus. The company was founded by Noam Gottesman and Martin E. Franklin in April 2014 and is headquartered in Middlesex, the United Kingdom.
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