In a report released yesterday, Andrew Lazar from Barclays initiated coverage with a Buy rating on Nomad Foods (NOMD – Research Report) and a price target of $22.00. The company’s shares closed yesterday at $18.60.
Lazar covers the Consumer Defensive sector, focusing on stocks such as McCormick & Company, The Hershey Company, and Mondelez International. According to TipRanks, Lazar has an average return of 6.2% and a 60.41% success rate on recommended stocks.
Nomad Foods has an analyst consensus of Moderate Buy, with a price target consensus of $24.00.
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NOMD market cap is currently $3.13B and has a P/E ratio of 14.59.
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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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