Nichols (LON:NICL) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

Nichols plc (LON:NICL) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,249.43 and traded as low as GBX 1,035.55. Nichols shares last traded at GBX 1,060, with a volume of 19,872 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank increased their price target on shares of Nichols from GBX 1,760 to GBX 1,820 and gave the stock a “buy” rating in a report on Thursday, July 31st. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of GBX 1,820.

Nichols Stock Up 1.4%

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 firm’s 50-day simple moving average is GBX 1,138.40 and its two-hundred day simple moving average is GBX 1,249.43. The company has a market capitalization of £391.21 million, a price-to-earnings ratio of 22.37 and a beta of 0.50.

Nichols (LON:NICL) last issued its earnings results on Thursday, July 31st. The company reported GBX 29.90 earnings per share for the quarter. Nichols had a net margin of 11.07% and a return on equity of 18.96%. Sell-side analysts predict that Nichols plc will post 62.4371859 EPS for the current fiscal year.

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.