5 Best Undervalued UK Stocks To Buy Now

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In this piece, we will take a look at the five best undervalued U.K. stocks to buy now. If you want to learn more about the British economy, then check out 11 Best Undervalued UK Stocks To Buy Now.

5. Nomad Foods Limited (NYSE:NOMD)

Latest Share Price Upside: 63%

Number of Hedge Fund Investors In Q2 2023: 24

Nomad Foods Limited (NYSE:NOMD) is a consumer defensive company that sells frozen food products all over the world. Despite inflation rising in the U.K. and all over Europe, it has beaten analyst EPS estimates in three of its four latest quarters. The stock is rated Strong Buy on average, with the latest Overweight rating coming from Barclays in October 2023.

As of Q2 2023 end, 24 out of the 910 hedge funds polled by Insider Monkey had invested in Nomad Foods Limited (NYSE:NOMD). Jim Simons’ Renaissance Technologies owns the largest stake among these which is worth $71.2 million.

Follow Nomad Foods Ltd (NYSE:NOMD)


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