Nichols (LON:NICL) Share Price Passes Above 200 Day Moving Average – Here’s Why

Nichols plc (LON:NICL)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 964.43 and traded as high as GBX 997.86. Nichols shares last traded at GBX 962, with a volume of 31,059 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on NICL shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 1,150 price target on shares of Nichols in a research report on Wednesday, April 22nd. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,720 target price on shares of Nichols in a research note on Tuesday, April 21st. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 1,390.

Nichols Price Performance

The firm has a market capitalization of £351.76 million, a P/E ratio of 16.49 and a beta of 0.44. The business’s 50-day simple moving average is GBX 948.39 and its 200 day simple moving average is GBX 964.43. The company has a quick ratio of 2.58, a current ratio of 3.63 and a debt-to-equity ratio of 4.97.

Nichols Company Profile