Barclays Issues Positive Forecast for Nomad Foods (NYSE:NOMD) Stock Price

Nomad Foods (NYSE:NOMD - Get Free Report) had its price target hoisted by research analysts at Barclays from $19.00 to $23.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Barclays's price target points to a potential upside of 12.72% from the stock's previous close.

A number of other brokerages also recently weighed in on NOMD. StockNews.com raised shares of Nomad Foods from a "hold" rating to a "buy" rating in a research note on Monday, November 18th. Mizuho decreased their price target on shares of Nomad Foods from $28.00 to $24.00 and set an "outperform" rating for the company in a research note on Wednesday, December 18th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Nomad Foods from $25.00 to $23.00 and set a "buy" rating for the company in a research note on Monday, November 4th.

Nomad Foods Trading Down 0.7 %

NYSE NOMD traded down $0.14 during mid-day trading on Monday, reaching $20.40. 1,244,395 shares of the stock were exchanged, compared to its average volume of 591,990. Nomad Foods has a one year low of $15.43 and a one year high of $20.81. The stock has a 50 day simple moving average of $17.59 and a 200-day simple moving average of $17.86. The stock has a market cap of $3.33 billion, a P/E ratio of 15.34 and a beta of 0.77. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.20 and a quick ratio of 0.72.

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Institutional Investors Weigh In On Nomad Foods

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Nomad Foods during the fourth quarter valued at about $27,386,000. Raymond James Financial Inc. acquired a new position in shares of Nomad Foods during the fourth quarter valued at about $11,967,000. Vident Advisory LLC acquired a new position in shares of Nomad Foods during the fourth quarter valued at about $9,003,000. Brown Advisory Inc. grew its holdings in shares of Nomad Foods by 5.2% during the fourth quarter. Brown Advisory Inc. now owns 8,376,162 shares of the company's stock valued at $140,552,000 after buying an additional 410,455 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in shares of Nomad Foods by 41.9% during the fourth quarter. Two Sigma Advisers LP now owns 1,265,000 shares of the company's stock valued at $21,227,000 after buying an additional 373,800 shares during the last quarter. 75.26% of the stock is owned by institutional investors.

About Nomad Foods

Nomad Foods Limited, together with its subsidiaries, manufactures, markets, and distributes a range of frozen food products in the United Kingdom and internationally. The company offers frozen fish products, including fish fingers, coated fish, and natural fish; ready-to-cook vegetable products, such as peas and spinach; and frozen poultry and meat products comprising nuggets, grills, and burgers.