Berenberg Bank Forecasts Strong Price Appreciation for Nichols (LON:NICL) Stock

Key Points

• Berenberg Bank has raised its target price for Nichols (LON:NICL) stock from GBX 1,760 to GBX 1,820, suggesting a potential upside of 31.41%.
• Nichols stock recently traded down by 0.7% to GBX 1,385, with a market cap of £505.86 million and notable financial metrics including a P/E ratio of 27.03.
• The company reported an EPS of GBX 29.90 for the last quarter, with expectations to post an annual EPS of approximately 62.44 for the current year.

Nichols (LON:NICL - Get Free Report) had its price target upped by research analysts at Berenberg Bank from GBX 1,760 ($23.39) to GBX 1,820 ($24.19) in a report issued on Thursday, Marketbeat Ratings reports. The brokerage currently has a "buy" rating on the stock. Berenberg Bank's price target points to a potential upside of 49.18% from the stock's current price.

Nichols Stock Down 1.2%

Shares of LON NICL traded down GBX 15 ($0.20) during trading on Thursday, hitting GBX 1,220 ($16.21). 18,726 shares of the company traded hands, compared to its average volume of 30,940. The business's fifty day moving average is GBX 1,378.86 and its 200 day moving average is GBX 1,307.26. Nichols has a fifty-two week low of GBX 954 ($12.68) and a fifty-two week high of GBX 1,480 ($19.67). The firm has a market capitalization of £445.60 million, a price-to-earnings ratio of 23.81 and a beta of 0.50. The company has a debt-to-equity ratio of 1.80, a quick ratio of 2.58 and a current ratio of 3.73.

Nichols (LON:NICL - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported GBX 29.90 ($0.40) earnings per share for the quarter. Nichols had a return on equity of 18.96% and a net margin of 11.07%. Equities research analysts predict that Nichols will post 62.4371859 earnings per share for the current fiscal year.

Nichols Company Profile

Established in 1908, Nichols operates within the resilient soft drinks category and owns or licenses several brands. Nichols is geographically and operationally diversified, operating across three routes to market of UK Packaged, International Packaged and Out of Home. In the UK, Nichols operates across five soft drinks sub-categories: squash, flavoured carbonates, fruit drinks, energy and flavoured water.