Nichols (LON:NICL) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

Nichols plc (LON:NICL) crossed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of GBX 1,097.64 and traded as low as GBX 1,055. Nichols shares last traded at GBX 1,075, with a volume of 68,259 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on NICL shares. Deutsche Bank reiterated a “buy” rating and set a GBX 1,150 target price on shares of Nichols in a research report on Thursday, July 30th. Berenberg Bank restated a “buy” rating and issued a GBX 1,750 price target on shares of Nichols in a research report on Wednesday, October 7th. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat, Nichols presently has an average rating of “Buy” and an average target price of GBX 1,450.

Nichols Stock Down 2.7%

The firm’s fifty day moving average price is GBX 1,097.64 and its 200-day moving average price is GBX 1,012.75. The company has a market capitalization of £393.18 million, a price-to-earnings ratio of 16.51 and a beta of 0.47. The company has a debt-to-equity ratio of 3.08, a current ratio of 3.53 and a quick ratio of 2.58.

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.