Nichols (LON:NICL) Stock Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Nichols shares rose above their 200-day moving average of GBX 977.69, reaching GBX 1,165 before last trading at GBX 1,120 on volume of 82,541 shares.
• Analysts maintain a generally positive outlook, with two Buy ratings and one Hold rating. The consensus rating is “Moderate Buy,” with a target price of GBX 1,400.
• Nichols reported quarterly EPS of GBX 30.30, a 13.39% net margin and 24.74% return on equity; insider Elizabeth McMeikan also purchased 470 shares for approximately £4,977.

Shares of Nichols plc (LON:NICL - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 977.69 and traded as high as GBX 1,165. Nichols shares last traded at GBX 1,120, with a volume of 82,541 shares.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 1,150 target price on shares of Nichols in a research report on Thursday, July 30th. Berenberg Bank boosted their price target on Nichols from GBX 1,720 to GBX 1,750 and gave the company a "buy" rating in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of GBX 1,400.

Nichols Trading Down 1.8%

The company has a quick ratio of 2.58, a current ratio of 3.53 and a debt-to-equity ratio of 3.08. The firm's 50 day simple moving average is GBX 1,023.88 and its 200-day simple moving average is GBX 977.69. The company has a market capitalization of £409.53 million, a PE ratio of 17.20 and a beta of 0.45.

Nichols (LON:NICL - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported GBX 30.30 EPS for the quarter. Nichols had a net margin of 13.39% and a return on equity of 24.74%. As a group, equities research analysts anticipate that Nichols plc will post 62.4371859 EPS for the current year.

Insider Transactions at Nichols

In related news, insider Elizabeth McMeikan purchased 470 shares of the stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average cost of GBX 1,059 per share, for a total transaction of £4,977.30. Corporate insiders own 9.91% of the company's stock.

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. Nichols' portfolio includes the iconic Vimto brand, vitamin-fortified health and wellness brand VITHIT, plus a growing portfolio of licensed brands including MyProtein, Levi Roots, ICEE, and Sunkist.

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