Nichols (LON:NICL) Stock Crosses Below 200 Day Moving Average - Time to Sell?

Key Points

• Nichols plc shares have dropped below their 200-day moving average, trading at GBX 1,175 ($15.86), significantly lower than the moving average of GBX 1,302.90 ($17.59).
• Berenberg Bank has upgraded Nichols' target price from GBX 1,760 ($23.76) to GBX 1,820 ($24.57) and issued a "buy" rating.
• The company reported a net margin of 11.07% and a return on equity of 18.96% for the previous quarter, with an expected earnings per share of 62.44 for the current year.

Nichols plc (LON:NICL - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,302.90 ($17.66) and traded as low as GBX 1,153 ($15.63). Nichols shares last traded at GBX 1,175 ($15.93), with a volume of 30,917 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank raised their price target on Nichols from GBX 1,760 ($23.85) to GBX 1,820 ($24.67) and gave the stock a "buy" rating in a research report on Thursday, July 31st.

Nichols Trading Up 1.3%

The company has a fifty day simple moving average of GBX 1,346.28 and a two-hundred day simple moving average of GBX 1,300.72. The company has a quick ratio of 2.58, a current ratio of 3.73 and a debt-to-equity ratio of 1.80. The stock has a market capitalization of £440.12 million, a P/E ratio of 23.51 and a beta of 0.50.

Nichols (LON:NICL - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported GBX 29.90 ($0.41) earnings per share for the quarter. Nichols had a return on equity of 18.96% and a net margin of 11.07%. On average, sell-side analysts expect that Nichols plc will post 62.4371859 earnings per share 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.