Nichols (LON:NICL) Reaches New 52-Week Low – Here’s What Happened

Nichols plc (LON:NICL)’s stock price reached a new 52-week low on Monday . The company traded as low as GBX 829 and last traded at GBX 962, with a volume of 22302 shares trading hands. The stock had previously closed at GBX 952.38.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Berenberg Bank restated a “buy” rating and set a GBX 1,820 price objective on shares of Nichols in a report on Tuesday, November 11th. Peel Hunt reiterated a “hold” rating and set a GBX 1,300 price objective on shares of Nichols in a research report on Tuesday, November 11th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,560.

Nichols Trading Up 1.0%

The business’s 50-day simple moving average is GBX 1,039.68 and its 200-day simple moving average is GBX 1,195.74. The company has a market cap of £351.74 million, a PE ratio of 20.11 and a beta of 0.50. The company has a current ratio of 3.73, a quick ratio of 2.58 and a debt-to-equity ratio of 1.80.

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.