Nichols’ (NICL) Buy Rating Reaffirmed at Berenberg Bank

Nichols (LON:NICL)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a research note issued on Wednesday, Digital Look reports. They currently have a GBX 1,750 target price on the stock. Berenberg Bank’s price objective would indicate a potential upside of 61.84% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 1,150 price objective 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 issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,400.

Nichols Stock Performance

Shares of NICL stock opened at GBX 1,081.33 on Wednesday. The firm has a market capitalization of £395.49 million, a price-to-earnings ratio of 16.61 and a beta of 0.45. The stock has a fifty day moving average of GBX 1,102.73 and a 200 day moving average of GBX 1,005.42. Nichols has a 52 week low of GBX 880 and a 52 week high of GBX 1,200. The company has a quick ratio of 2.58, a current ratio of 3.53 and a debt-to-equity ratio of 3.08.

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

Insider Buying and Selling at Nichols

In other Nichols news, insider Elizabeth McMeikan bought 470 shares of Nichols stock in a transaction dated Wednesday, August 12th. The shares were purchased at an average cost of GBX 1,059 per share, with a total value of £4,977.30. 10.00% of the stock is owned by corporate insiders.

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. 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.