Nichols (LON:NICL) Hits New 12-Month Low – Should You Sell?

Shares of Nichols plc (LON:NICL) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 1,004.60 and last traded at GBX 1,005, with a volume of 26708 shares changing hands. The stock had previously closed at GBX 1,040.

Analysts Set New Price Targets

Separately, Berenberg Bank increased their price target on Nichols from GBX 1,760 to GBX 1,820 and gave the company a “buy” rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of GBX 1,820.

Nichols Stock Down 3.4%

The company has a current ratio of 3.73, a quick ratio of 2.58 and a debt-to-equity ratio of 1.80. The firm has a market cap of £367.46 million, a price-to-earnings ratio of 21.01 and a beta of 0.50. The firm’s 50 day simple moving average is GBX 1,124.56 and its two-hundred day simple moving average is GBX 1,245.29.

About Nichols

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.