Nichols (LON:NICL) Share Price Crosses Below Two Hundred Day Moving Average - Here's Why

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) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,280.37 ($17.42) and traded as low as GBX 1,105 ($15.03). Nichols shares last traded at GBX 1,115 ($15.17), with a volume of 15,658 shares.

Wall Street Analyst Weigh In

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

Nichols Stock Performance

The company has a debt-to-equity ratio of 1.80, a quick ratio of 2.58 and a current ratio of 3.73. The stock has a market cap of £406.31 million, a PE ratio of 2,322.85 and a beta of 0.50. The company's 50-day moving average price is GBX 1,251.40 and its two-hundred day moving average price is GBX 1,280.37.

Nichols (LON:NICL - Get Free Report) last released its earnings results 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%. On average, equities research analysts forecast that Nichols plc will post 62.4371859 EPS for the current 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.

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