Nichols (LON:NICL) Shares Cross Below 200-Day Moving Average – Here’s What Happened

Shares of Nichols plc (LON:NICL) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,030.98 and traded as low as GBX 959.21. Nichols shares last traded at GBX 966, with a volume of 42,749 shares trading hands.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Nichols from GBX 1,250 to GBX 1,150 and set a “hold” rating for the company in a research report on Wednesday, January 14th. Berenberg Bank reduced their price objective on Nichols from GBX 1,820 to GBX 1,720 and set a “buy” rating on the stock in a research report on Wednesday, March 11th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of GBX 1,390.

Nichols Stock Up 0.2%

The business’s fifty day moving average price is GBX 987.97 and its 200 day moving average price is GBX 1,030.98. The firm has a market capitalization of £353.20 million, a PE ratio of 20.19 and a beta of 0.50.

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

About Nichols