Nichols (LON:NICL) Stock Price Crosses Below 200-Day Moving Average – Here’s Why

Shares of Nichols plc (LON:NICL) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,022.50 and traded as low as GBX 888.90. Nichols shares last traded at GBX 938, with a volume of 61,210 shares.

Analyst Ratings Changes

Several analysts have recently commented on NICL shares. Berenberg Bank decreased their price target on shares of Nichols from GBX 1,820 to GBX 1,720 and set a “buy” rating on the stock in a research note on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft reduced their price objective on Nichols from GBX 1,250 to GBX 1,150 and set a “hold” rating on the stock in a report on Wednesday, January 14th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Nichols presently has an average rating of “Hold” and an average target price of GBX 1,390.

Nichols Stock Performance

The company has a debt-to-equity ratio of 4.97, a quick ratio of 2.58 and a current ratio of 3.63. The company has a market cap of £332.49 million, a price-to-earnings ratio of 19.01 and a beta of 0.50. The firm’s 50-day moving average price is GBX 979.72 and its 200 day moving average price is GBX 1,020.90.

Nichols (LON:NICL) last announced its quarterly earnings data on Wednesday, March 11th. The company reported GBX 67.53 earnings per share for the quarter. Nichols had a net margin of 12.25% and a return on equity of 23.59%. On average, sell-side analysts anticipate that Nichols plc will post 62.4371859 EPS for the current year.

About Nichols