Nichols (LON:NICL) Reaches New 52-Week Low – Here’s Why

Nichols plc (LON:NICL)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 926.67 and last traded at GBX 940, with a volume of 43150 shares. The stock had previously closed at GBX 950.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,820 target price on shares of Nichols in a research report on Tuesday, November 11th. Peel Hunt reaffirmed a “hold” rating and set a GBX 1,300 price target on shares of Nichols in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 1,560.

Nichols Price Performance

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 has a market capitalization of £355.39 million, a P/E ratio of 20.32 and a beta of 0.50. The firm’s 50 day simple moving average is GBX 990.51 and its two-hundred day simple moving average is GBX 1,141.73.

Insiders Place Their Bets

In related news, insider Alan Williams purchased 2,500 shares of Nichols stock in a transaction that occurred on Monday, December 15th. The shares were acquired at an average cost of GBX 970 per share, for a total transaction of £24,250. 9.02% of the stock is owned by corporate insiders.

Nichols Company Profile