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.

A number of hedge funds have recently bought and sold shares of the stock. Scoggin Management LP acquired a new position in Nomad Foods during the third quarter worth about $18,213,000. Neuberger Berman Group LLC acquired a new position in Nomad Foods during the third quarter worth about $14,312,000. California Public Employees Retirement System acquired a new position in Nomad Foods during the third quarter worth about $1,613,000. Highbridge Capital Management LLC acquired a new position in Nomad Foods during the third quarter worth about $447,000. Finally, Janus Henderson Group PLC raised its stake in Nomad Foods by 45.5% during the third quarter. Janus Henderson Group PLC now owns 3,960,204 shares of the company’s stock worth $57,700,000 after acquiring an additional 1,238,607 shares in the last quarter. 72.83% of the stock is owned by institutional investors and hedge funds.

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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 company’s 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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