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 $18.57.
Lazar covers the Consumer Defensive sector, focusing on stocks such as McCormick & Company, Mondelez International, and BellRing Brands. According to TipRanks, Lazar has an average return of 6.3% and a 61.05% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Nomad Foods with a $23.75 average price target, a 27.89% upside from current levels. In a report released on January 31, Mizuho Securities also maintained a Buy rating on the stock with a $26.00 price target.
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The company has a one-year high of $19.76 and a one-year low of $13.56. Currently, Nomad Foods has an average volume of 624.6K.
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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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