Nichols (LON:NICL) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Nichols plc (LON:NICL)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 968.66 and traded as low as GBX 930. Nichols shares last traded at GBX 942, with a volume of 34,048 shares trading hands.

Wall Street Analyst Weigh In

NICL has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 1,150 price objective on shares of Nichols in a research note on Wednesday, April 22nd. Berenberg Bank reiterated a “buy” rating and set a GBX 1,720 price target on shares of Nichols in a research note on Tuesday, April 21st. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Nichols currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,390.

Nichols Price Performance

The stock’s 50 day simple moving average is GBX 943.61 and its two-hundred day simple moving average is GBX 968.12. The stock has a market cap of £346.08 million, a price-to-earnings ratio of 16.23 and a beta of 0.46. The company has a debt-to-equity ratio of 4.97, a current ratio of 3.63 and a quick ratio of 2.58.

Nichols (LON:NICL) last announced its quarterly earnings results on Wednesday, March 11th. The company reported GBX 67.53 earnings per share for the quarter. Nichols had a return on equity of 23.59% and a net margin of 12.25%. On average, analysts forecast that Nichols plc will post 62.4371859 earnings per share for the current fiscal year.

About Nichols