Nichols (LON:NICL) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Nichols plc (LON:NICL) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 967.38 and traded as high as GBX 1,050. Nichols shares last traded at GBX 1,040, with a volume of 26,570 shares changing hands.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,720 price target on shares of Nichols in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 1,150 price target on shares of Nichols in a research note on Thursday, July 30th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Nichols presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,390.

Nichols Price Performance

The firm has a market capitalization of £377.50 million, a price-to-earnings ratio of 15.86 and a beta of 0.43. The stock’s 50 day moving average price is GBX 974.07 and its two-hundred day moving average price is GBX 967.38.

Nichols (LON:NICL) last released its quarterly earnings results on Wednesday, July 29th. The company reported GBX 30.30 earnings per share (EPS) for the quarter. Nichols had a net margin of 13.39% and a return on equity of 24.74%. As a group, equities research analysts anticipate that Nichols plc will post 62.4371859 EPS for the current fiscal year.

Nichols Company Profile