Nichols (LON:NICL) Stock Price Passes Above Two Hundred Day Moving Average - Here's Why

Nichols plc (LON:NICL - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,282.91 ($17.22) and traded as high as GBX 1,445 ($19.40). Nichols shares last traded at GBX 1,410 ($18.93), with a volume of 28,521 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,760 ($23.63) price objective on shares of Nichols in a report on Wednesday, April 23rd.

Nichols Trading Down 0.4%

The company has a debt-to-equity ratio of 1.80, a current ratio of 3.73 and a quick ratio of 2.58. The business's 50 day simple moving average is GBX 1,280.48 and its 200 day simple moving average is GBX 1,284.28. The stock has a market cap of £511.34 million, a P/E ratio of 27.32 and a beta of 0.50.

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.