Nichols (LON:NICL) Sets New 52-Week Low – Here’s Why

Nichols plc (LON:NICL) hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 982 and last traded at GBX 1,010, with a volume of 20425 shares changing hands. The stock had previously closed at GBX 1,015.

Analyst Upgrades and Downgrades

NICL has been the subject of several recent analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,820 target price on shares of Nichols in a research note on Tuesday, November 11th. Peel Hunt reissued a “hold” rating and issued a GBX 1,300 price target on shares of Nichols in a report on Tuesday, November 11th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 1,560.

Nichols Stock Performance

The company has a debt-to-equity ratio of 1.80, a current ratio of 3.73 and a quick ratio of 2.58. The stock’s 50 day simple moving average is GBX 1,066.28 and its two-hundred day simple moving average is GBX 1,211.76. The stock has a market cap of £364.90 million, a P/E ratio of 20.86 and a beta of 0.50.

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.