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

Nichols plc (LON:NICL)’s stock price passed below its 50-day moving average during trading on Friday. The stock has a 50-day moving average of GBX 1,097.64 and traded as low as GBX 1,055. Nichols shares last traded at GBX 1,075, with a volume of 68,259 shares.

Analyst Upgrades and Downgrades

NICL has been the subject of several recent research reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,750 price objective on shares of Nichols in a research note on Wednesday, October 7th. Deutsche Bank reiterated a “buy” rating and issued a GBX 1,150 price objective on shares of Nichols in a report on Thursday, July 30th. Two analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 1,450.

Nichols Trading Down 2.7%

The company has a debt-to-equity ratio of 3.08, a current ratio of 3.53 and a quick ratio of 2.58. The company has a market cap of £393.18 million, a price-to-earnings ratio of 16.51 and a beta of 0.47. The business’s fifty day moving average price is GBX 1,097.64 and its 200 day moving average price is GBX 1,012.75.

About Nichols

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.