On 11/9/23, Nomad Foods Ltd (NYSE: NOMD) stock enjoyed a major increase of 14.1%, closing at $16.25. The stock has risen 16.8% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
NOMD is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Nomad Foods has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Nomad Foods has a slightly positive Appreciation Score of 68 but a slightly negative Power Rating of 37, with the Neutral Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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