In a report released yesterday, Andrew Lazar from Barclays maintained a Buy rating on Nomad Foods (NOMD – Research Report), with a price target of $22.00. The company’s shares closed yesterday at $18.40.
Lazar covers the Consumer Defensive sector, focusing on stocks such as McCormick & Company, Nomad Foods, and The Hershey Company. According to TipRanks, Lazar has an average return of 6.2% and a 59.39% success rate on recommended stocks.
Nomad Foods has an analyst consensus of Moderate Buy, with a price target consensus of $24.00, implying a 30.43% upside from current levels. In a report released on February 21, Mizuho Securities also maintained a Buy rating on the stock with a $26.00 price target.
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NOMD market cap is currently $3.17B and has a P/E ratio of 14.44.
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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.
Read More on NOMD:
- Nomad Foods sees 2024 adjusted EPS up 9%-12% y-o-y to EUR1.75-EUR1.80
- Nomad Foods Provides Updates on Full Year 2023 Results and Initiates 2024 Guidance
- Is NOMD a Buy, Before Earnings?
- Nomad Foods price target raised to $22 from $20 at Barclays
- Nomad Foods price target raised to $26 from $24 at Mizuho
