Barclays Has Lowered Expectations for Nomad Foods (NYSE:NOMD) Stock Price

Nomad Foods (NYSE:NOMD) had its target price cut by research analysts at Barclays from $21.00 to $19.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 11.80% from the company’s previous close.

A number of other analysts have also recently commented on NOMD. Mizuho lowered their price target on Nomad Foods from $28.00 to $24.00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. Deutsche Bank Aktiengesellschaft lowered their target price 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. Finally, StockNews.com raised shares of Nomad Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 18th.

Nomad Foods Stock Up 0.6 %

Shares of Nomad Foods stock opened at $17.00 on Friday. The business has a fifty day simple moving average of $17.03 and a 200 day simple moving average of $17.81. The stock has a market cap of $2.77 billion, a PE ratio of 12.78 and a beta of 0.79. The company has a quick ratio of 0.72, a current ratio of 1.20 and a debt-to-equity ratio of 0.79. Nomad Foods has a 12 month low of $15.43 and a 12 month high of $20.05.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. raised its holdings in shares of Nomad Foods by 61.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 2,100 shares of the company’s stock worth $40,000 after acquiring an additional 800 shares during the period. Avior Wealth Management LLC boosted its position in shares of Nomad Foods by 25.8% during the third quarter. Avior Wealth Management LLC now owns 3,920 shares of the company’s stock worth $75,000 after buying an additional 804 shares during the period. Custom Index Systems LLC grew its holdings in shares of Nomad Foods by 4.7% during the third quarter. Custom Index Systems LLC now owns 18,845 shares of the company’s stock worth $359,000 after buying an additional 847 shares in the last quarter. State Street Corp raised its position in Nomad Foods by 0.6% in the 3rd quarter. State Street Corp now owns 182,004 shares of the company’s stock valued at $3,469,000 after buying an additional 1,018 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. raised its position in Nomad Foods by 0.7% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 202,735 shares of the company’s stock valued at $3,864,000 after buying an additional 1,450 shares during the last quarter. Institutional investors own 75.26% of the company’s stock.

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.