Nomad Foods (NYSE:NOMD – Get Rating)‘s stock had its “neutral” rating reaffirmed by research analysts at Credit Suisse Group in a research report issued to clients and investors on Monday, Benzinga reports. They presently have a $20.00 price objective on the stock. Credit Suisse Group’s target price points to a potential upside of 11.61% from the company’s previous close.
Other research analysts have also issued reports about the company. The Goldman Sachs Group raised Nomad Foods from a “neutral” rating to a “buy” rating and set a $21.00 target price on the stock in a report on Sunday. Deutsche Bank Aktiengesellschaft reduced their price target on Nomad Foods from $24.00 to $21.00 and set a “buy” rating for the company in a report on Friday, February 24th. Finally, StockNews.com lowered Nomad Foods from a “buy” rating to a “hold” rating in a report on Friday, February 24th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Nomad Foods currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.86.
Nomad Foods Stock Performance
NOMD stock opened at $17.92 on Monday. Nomad Foods has a 1 year low of $12.50 and a 1 year high of $25.42. The stock’s fifty day moving average is $17.41 and its two-hundred day moving average is $16.70. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.70 and a current ratio of 1.19. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 12.57 and a beta of 0.74.
Hedge Funds Weigh In On Nomad Foods
About Nomad Foods
Nomad Foods Ltd. operates as a holding company, which manufactures and sells frozen foods for human consumption. The firm offers its products under the brands LUTOSA, la Cocinera, Birds Eye, Iglo, and Findus. The company was founded by Noam Gottesman and Sir Martin E. Franklin on April 1, 2014 and is headquartered in Middlesex, the United Kingdom.
- Get a free copy of the StockNews.com research report on Nomad Foods (NOMD)
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