Nichols (LON:NICL) Stock Crosses Below 200 Day Moving Average - Here's Why

Key Points

• Nichols' shares fell below its 200‑day moving average, trading as low as GBX 930 versus the 200‑day MA of GBX 1,008.76, on volume of 73,257 shares — a technical sign of near‑term weakness.
• Analysts have trimmed targets (Berenberg to GBX 1,720; Deutsche Bank to GBX 1,150); the stock's consensus is an average rating of "Hold" with an average price target of GBX 1,390, implying material upside from current levels.
• Recent fundamentals show quarterly EPS of GBX 67.53, a P/E of 16.66, net margin 12.25% and ROE 23.59%, with a market cap of £355.4m but a high reported debt‑to‑equity ratio of 4.97.

Nichols plc (LON:NICL - Get Free Report)'s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,008.76 and traded as low as GBX 930. Nichols shares last traded at GBX 930, with a volume of 73,257 shares changing hands.

Analysts Set New Price Targets

NICL has been the topic of several research analyst reports. Berenberg Bank lowered their price objective on Nichols from GBX 1,820 to GBX 1,720 and set a "buy" rating on the stock in a research report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft lowered their price objective on Nichols from GBX 1,250 to GBX 1,150 and set a "hold" rating on the stock in a research report on Wednesday, January 14th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of GBX 1,390.

Nichols Price Performance

The firm's fifty day simple moving average is GBX 969.79 and its 200 day simple moving average is GBX 1,008.76. The firm has a market cap of £355.40 million, a P/E ratio of 16.66 and a beta of 0.50. The company has a debt-to-equity ratio of 4.97, a quick ratio of 2.58 and a current ratio of 3.63.

Nichols (LON:NICL - Get Free Report) last released its quarterly earnings data on Wednesday, March 11th. The company reported GBX 67.53 EPS for the quarter. Nichols had a net margin of 12.25% and a return on equity of 23.59%. As a group, analysts forecast that Nichols plc will post 62.4371859 earnings per share for the current year.

About Nichols

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