Nomad Foods Limited (NOMD) Receives Average Recommendation of “Buy” from Analysts
Shares of Nomad Foods Limited (NYSE:NOMD) have been assigned an average rating of “Buy” from the six ratings firms that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $17.20.
A number of equities research analysts have recently issued reports on NOMD shares. Zacks Investment Research raised shares of Nomad Foods from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Saturday, December 2nd. SunTrust Banks boosted their price target on Nomad Foods to $20.00 and gave the company a “buy” rating in a research note on Wednesday, November 29th. ValuEngine raised Nomad Foods from a “hold” rating to a “buy” rating in a research note on Thursday, November 16th. Finally, Berenberg Bank initiated coverage on Nomad Foods in a research note on Thursday, November 16th. They issued a “buy” rating and a $18.00 price target for the company.
Nomad Foods (NYSE:NOMD) opened at $16.56 on Monday. The firm has a market cap of $2,854.20 and a price-to-earnings ratio of 17.43. Nomad Foods has a fifty-two week low of $9.15 and a fifty-two week high of $16.90. The company has a current ratio of 1.03, a quick ratio of 0.56 and a debt-to-equity ratio of 0.77.
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About Nomad Foods
Nomad Foods Limited manufactures and distributes frozen foods primarily in the United Kingdom, Italy, Germany, Sweden, France, and Norway. The companys frozen food products include fish, vegetables, poultry products, and ready meals. It sells its products directly or through distribution arrangements to supermarkets and large food retail chains under the Birdseye, Findus, and Iglo brands.
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