Nomad Foods Limited (NOMD) is considered one of the best undervalued defensive stocks to buy, with Barclays lowering the price target to $18 from $20. The company reported a 0.8% decline in revenue to €747 million in fiscal Q2 2025, citing weather conditions in Europe as a factor.

Despite a 1.1% organic revenue decline and 1.0% volume decline, Nomad Foods Limited (NOMD) saw an adjusted EBITDA decline of 7.2% to €129 million. The company sells a variety of frozen food products under brands like Birds Eye and Findus across 16 European countries.

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Read more at Yahoo Finance: Barclays Lowers PT on Nomad Foods Limited (NOMD) to $18 From $20