BTIG analyst Peter Saleh maintained a Buy rating on Nomad Foods (NOMD – Research Report) yesterday and set a price target of $25.00. The company’s shares closed yesterday at $16.19.
Saleh covers the Consumer Cyclical sector, focusing on stocks such as Starbucks, Texas Roadhouse, and The Chefs’ Warehouse. According to TipRanks, Saleh has an average return of 10.3% and a 57.93% success rate on recommended stocks.
Currently, the analyst consensus on Nomad Foods is a Strong Buy with an average price target of $23.29, representing a 43.85% upside. In a report released on September 6, Mizuho Securities also maintained a Buy rating on the stock with a $24.00 price target.
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NOMD market cap is currently $2.78B and has a P/E ratio of 12.85.
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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 Reiterates Full Year 2023 Guidance Ahead of Fireside Chat at the Barclays Global Consumer Staples Conference
- Nomad Foods reiterates FY23 view adjusted EPS EUR 1.54 – EUR 1.57
- Nomad Foods price target lowered to $23 from $25 at Citi
- Nomad Foods management to meet virtually with Mizuho
- Nomad raises FY23 adjusted EPS view to EUR 1.54-EUR 1.57 from EUR 1.52-EUR 1.55
