Nichols (LON:NICL) Shares Down 1.8% – What’s Next?

Nichols plc (LON:NICL)’s share price traded down 1.8% during trading on Thursday. The company traded as low as GBX 1,060 and last traded at GBX 1,065. 18,310 shares changed hands during trading, a decline of 58% from the average session volume of 43,709 shares. The stock had previously closed at GBX 1,085.

Analysts Set New Price Targets

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

Nichols Trading Down 1.8%

The company has a debt-to-equity ratio of 3.08, a quick ratio of 2.58 and a current ratio of 3.53. The firm has a fifty day moving average price of GBX 1,099.14 and a 200 day moving average price of GBX 1,012.50. The company has a market cap of £389.52 million, a price-to-earnings ratio of 16.36 and a beta of 0.47.

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.