Nichols (LON:NICL) Stock Price Passes Below 200 Day Moving Average - What's Next?

Key Points

• Nichols plc's stock price has fallen below its 200-day moving average, hitting a low of GBX 1,215 ($16.43), with the current price at GBX 1,220 ($16.50).
• Berenberg Bank upgraded their price target for Nichols from GBX 1,760 to GBX 1,820, maintaining a "buy" rating based on positive growth forecasts.
• The company reported earnings of GBX 29.90 per share, and analysts predict Nichols will achieve approximately 62.44 EPS for the current year.

Nichols plc (LON:NICL - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,276.19 ($17.26) and traded as low as GBX 1,215 ($16.43). Nichols shares last traded at GBX 1,220 ($16.50), with a volume of 16,803 shares changing hands.

Wall Street Analysts Forecast Growth

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

Nichols Stock Down 0.4%

The firm has a fifty day simple moving average of GBX 1,227.17 and a 200-day simple moving average of GBX 1,276.19. The firm has a market cap of £446.07 million, a price-to-earnings ratio of 2,550.17 and a beta of 0.50. The company has a debt-to-equity ratio of 1.80, a quick ratio of 2.58 and a current ratio of 3.73.

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