Nichols (LON:NICL) Stock Price Passes Below 200 Day Moving Average - Here's What Happened

Key Points

• Nichols plc (LON:NICL) shares fell below their 200-day moving average of GBX 1,280.37, trading as low as GBX 1,105.
• Berenberg Bank has upgraded the price target for Nichols shares from GBX 1,760 to GBX 1,820, maintaining a "buy" rating for the stock.
• Nichols reported an EPS of GBX 29.90 for the last quarter, with a strong return on equity of 18.96% and a net margin of 11.07%.

Nichols plc (LON:NICL - Get Free Report) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,280.37 ($17.25) and traded as low as GBX 1,105 ($14.89). Nichols shares last traded at GBX 1,115 ($15.02), with a volume of 15,658 shares trading hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank upped their price target on Nichols from GBX 1,760 to GBX 1,820 and gave the company a "buy" rating in a report on Thursday, July 31st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of GBX 1,820.

Nichols Trading Down 0.8%

The firm has a market cap of £435.10 million, a PE ratio of 2,487.46 and a beta of 0.50. The business has a 50-day moving average price of GBX 1,232.80 and a two-hundred day moving average price of GBX 1,277.40. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.73 and a quick ratio of 2.58.

Nichols (LON:NICL - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported GBX 29.90 EPS for the quarter. Nichols had a return on equity of 18.96% and a net margin of 11.07%. Analysts forecast that Nichols plc will post 62.4371859 EPS for the current year.

About Nichols

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.