Nichols (LON:NICL) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Shares of Nichols plc (LON:NICL) passed 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

A number of brokerages recently issued reports on NICL. Berenberg Bank increased their target price on shares of Nichols from GBX 1,720 to GBX 1,750 and gave the company a “buy” rating in a research report on Monday, August 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,150 price target on shares of Nichols in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,400.

Nichols Price Performance

The company has a current ratio of 3.53, a quick ratio of 2.58 and a debt-to-equity ratio of 3.08. The business’s fifty day moving average is GBX 1,028.40 and its 200 day moving average is GBX 978.47. The firm has a market capitalization of £420.50 million, a P/E ratio of 17.67 and a beta of 0.45.

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

Insider Buying and Selling at Nichols

In related news, insider Elizabeth McMeikan acquired 470 shares of Nichols stock in a transaction dated Wednesday, August 12th. The stock was acquired at an average cost of GBX 1,059 per share, with a total value of £4,977.30. 9.91% of the stock is currently owned by corporate insiders.

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.