Nomad Foods Limited (NYSE:NOMD) has received a consensus rating of “Buy” from the six analysts that are covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a buy rating. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $17.20.
NOMD has been the topic of a number of recent research reports. Zacks Investment Research cut shares of Nomad Foods from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 15th. Berenberg Bank began coverage on shares of Nomad Foods in a report on Thursday, November 16th. They issued a “buy” rating and a $18.00 price target on the stock. ValuEngine raised shares of Nomad Foods from a “hold” rating to a “buy” rating in a report on Thursday, November 16th. Finally, SunTrust Banks upped their price target on shares of Nomad Foods to $20.00 and gave the company a “buy” rating in a report on Wednesday, November 29th.
Nomad Foods (NYSE NOMD) opened at $16.89 on Friday. Nomad Foods has a 12-month low of $9.61 and a 12-month high of $17.02. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.56 and a current ratio of 1.03. The company has a market cap of $2,829.20 and a price-to-earnings ratio of 24.84.
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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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