Nomad Foods (NOMD) Gets a Buy Rating from Barclays

By Jason Carr

In a report issued on May 8, Andrew Lazar from Barclays maintained a Buy rating on Nomad Foods (NOMDResearch Report), with a price target of $24.00. The company’s shares closed last Friday at $21.65, close to its 52-week high of $23.06.

According to TipRanks.com, Lazar is a 4-star analyst with an average return of 6.7% and a 62.7% success rate. Lazar covers the Consumer Goods sector, focusing on stocks such as Mondelez International, Lamb Weston Holdings, and McCormick & Company.

Currently, the analyst consensus on Nomad Foods is a Strong Buy with an average price target of $25.25, implying a 21.2% upside from current levels. In a report issued on May 7, Jefferies also reiterated a Buy rating on the stock with a $25.00 price target.

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The company has a one-year high of $23.06 and a one-year low of $14.08. Currently, Nomad Foods has an average volume of 1.65M.

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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.