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Nichols plc (LON:NICL) was upgraded by equities researchers at Investec to a “buy” rating in a research report issued on Thursday. The firm currently has a GBX 1,070 ($18.23) price target on the stock, down from their previous price target of GBX 1,122 ($19.11). Investec’s price target would indicate a potential upside of 16.37% from the company’s current price.

Shares of Nichols plc (LON:NICL) opened at 943.40 on Thursday. Nichols plc has a 52-week low of GBX 950.00 and a 52-week high of GBX 1240.00. The stock has a 50-day moving average of GBX 1037.68 and a 200-day moving average of GBX 1097..

A number of other analysts have also recently weighed in on NICL. Analysts at N+1 Singer reiterated a “corporate” rating on shares of Nichols plc in a research note on Thursday. Separately, analysts at Panmure Gordon reiterated a “buy” rating on shares of Nichols plc in a research note on Friday, May 16th. They now have a GBX 1,135 ($19.33) price target on the stock. Finally, analysts at Panmure Gordon reiterated a “buy” rating on shares of Nichols plc in a research note on Wednesday, April 30th. They now have a GBX 1,135 ($19.33) price target on the stock.

Nichols plc is engaged in the supply of soft drinks to the retail, wholesale, catering, licensed and leisure industries.

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