Nichols (LON:NICL) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Nichols plc (LON:NICL) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,270.54 ($16.97) and traded as low as GBX 1,225 ($16.36). Nichols shares last traded at GBX 1,245 ($16.63), with a volume of 18,525 shares traded.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 1,760 ($23.51) target price on shares of Nichols in a research note on Wednesday, April 23rd.

Nichols Price Performance

The company has a market cap of £460.21 million, a price-to-earnings ratio of 24.59 and a beta of 0.50. The company has a current ratio of 3.73, a quick ratio of 2.58 and a debt-to-equity ratio of 1.80. The business has a 50-day moving average price of GBX 1,246.60 and a 200 day moving average price of GBX 1,270.54.

Nichols (LON:NICL) last announced its earnings results on Wednesday, March 12th. The company reported GBX 64.02 ($0.86) EPS for the quarter. Nichols had a return on equity of 18.96% and a net margin of 11.07%. As a group, research analysts expect that Nichols plc will post 62.4371859 earnings per share for the current fiscal year.

Nichols Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, May 1st. Shareholders of record on Thursday, March 20th were paid a dividend of GBX 17.10 ($0.23) per share. This represents a yield of 1.25%. The ex-dividend date of this dividend was Thursday, March 20th. Nichols’s dividend payout ratio is presently 60.49%.

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.