Nichols’ (NICL) Buy Rating Reiterated at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Nichols (LON:NICL) in a research note issued to investors on Wednesday morning,Digital Look reports. They currently have a GBX 1,750 price target on the stock.

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,150 price objective on shares of Nichols in a research report on Thursday, July 30th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 1,400.

Nichols Price Performance

NICL opened at GBX 1,085 on Wednesday. The stock has a fifty day moving average of GBX 1,104.23 and a 200-day moving average of GBX 1,006.96. The firm has a market capitalization of £396.84 million, a P/E ratio of 16.67 and a beta of 0.45. Nichols has a 12-month low of GBX 880 and a 12-month high of GBX 1,200. The company has a quick ratio of 2.58, a current ratio of 3.53 and a debt-to-equity ratio of 3.08.

Nichols (LON:NICL) last issued its quarterly earnings results on Wednesday, July 29th. The company reported GBX 30.30 earnings per share for the quarter. Nichols had a return on equity of 24.74% and a net margin of 13.39%. Equities analysts forecast that Nichols will post 62.44 EPS for the current fiscal year.

Insider Activity

In other Nichols news, insider Elizabeth McMeikan acquired 470 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average cost of GBX 1,059 per share, for a total transaction of £4,977.30. Insiders own 10.00% of the company’s stock.

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. Nichols’ portfolio includes the iconic Vimto brand, vitamin-fortified health and wellness brand VITHIT, plus a growing portfolio of licensed brands including MyProtein, Levi Roots, ICEE, and Sunkist.