Nichols (LON:NICL) Stock Falls 1.8% – What’s Next?

Nichols plc (LON:NICL)’s share price traded down 1.8% on Thursday. The stock traded as low as GBX 1,060 and last traded at GBX 1,065. Approximately 18,310 shares were traded during trading, a decline of 58% from the average daily volume of 43,709 shares. The stock had previously closed at GBX 1,085.

Analyst Ratings Changes

A number of brokerages have recently issued reports on NICL. Deutsche Bank reaffirmed a “buy” rating and issued a GBX 1,150 target price on shares of Nichols in a report on Thursday, July 30th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,750 target price on shares of Nichols in a research note on Wednesday, October 7th. Two equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 1,450.

Nichols Stock Performance

The company has a market capitalization of £389.52 million, a price-to-earnings ratio of 16.36 and a beta of 0.47. The stock has a 50-day moving average price of GBX 1,099.14 and a 200-day moving average price of GBX 1,012.50. The company has a debt-to-equity ratio of 3.08, a current ratio of 3.53 and a quick ratio of 2.58.

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.