Nichols (LON:NICL) Stock Price Passes Below 200-Day Moving Average - Should You Sell?

Key Points

• Nichols plc's stock price has fallen below its 200-day moving average, trading as low as GBX 1,220 ($16.21), compared to its moving average of GBX 1,306.87 ($17.37).
• Despite the decline, Berenberg Bank has upgraded Nichols' price target from GBX 1,760 ($23.39) to GBX 1,820 ($24.19) and maintained a "buy" rating.
• The company reported earnings per share of GBX 29.90 ($0.40) for the last quarter, with an expected average EPS of 62.44 for the current fiscal year.

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 1,306.87 ($17.58) and traded as low as GBX 1,220 ($16.41). Nichols shares last traded at GBX 1,220 ($16.41), with a volume of 18,726 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised their price objective on Nichols from GBX 1,760 ($23.67) to GBX 1,820 ($24.48) and gave the stock a "buy" rating in a research note on Thursday, July 31st.

Nichols Price Performance

The firm has a 50 day moving average price of GBX 1,367.88 and a 200 day moving average price of GBX 1,303.92. 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 cap of £425.51 million, a P/E ratio of 22.73 and a beta of 0.50.

Nichols (LON:NICL - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported GBX 29.90 ($0.40) earnings per share (EPS) for the quarter. Nichols had a return on equity of 18.96% and a net margin of 11.07%. On average, analysts forecast that Nichols plc will post 62.4371859 EPS for the current fiscal 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.