Nichols’ (NICL) “Buy” Rating Reiterated at Berenberg Bank

Nichols (LON:NICL)‘s stock had its “buy” rating reaffirmed by stock analysts at Berenberg Bank in a report released on Wednesday, Digital Look reports. They presently have a GBX 1,750 price target on the stock. Berenberg Bank’s price target would suggest a potential upside of 61.29% from the company’s current price.

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

Nichols Stock Down 0.5%

Shares of Nichols stock opened at GBX 1,085 on Wednesday. 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 has a 52-week low of GBX 880 and a 52-week high of GBX 1,200. The company has a 50 day moving average of GBX 1,104.23 and a 200 day moving average of GBX 1,006.96. The company has a market capitalization of £396.84 million, a P/E ratio of 16.67 and a beta of 0.45.

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

Insider Activity at Nichols

In other news, insider Elizabeth McMeikan purchased 470 shares of Nichols stock in a transaction that occurred on Wednesday, August 12th. The stock was bought at an average price of GBX 1,059 per share, with a total value of £4,977.30. 10.00% of the stock is currently owned by insiders.

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.