Nichols (LON:NICL) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

Nichols plc (LON:NICL) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 965.90 and traded as low as GBX 954.28. Nichols shares last traded at GBX 970, with a volume of 13,242 shares changing hands.

Wall Street Analyst Weigh In

NICL has been the subject of a number of analyst reports. Berenberg Bank reissued a “buy” rating and issued a GBX 1,720 price objective on shares of Nichols in a report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,150 price objective on shares of Nichols in a report on Wednesday, April 22nd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 1,390.

Nichols Stock Performance

The company has a debt-to-equity ratio of 4.97, a current ratio of 3.63 and a quick ratio of 2.58. The company has a market cap of £354.68 million, a PE ratio of 16.63 and a beta of 0.46. The company’s 50 day simple moving average is GBX 945.63 and its two-hundred day simple moving average is GBX 965.90.

Nichols (LON:NICL) last announced its earnings results on Wednesday, March 11th. The company reported GBX 67.53 earnings per share 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 anticipate that Nichols plc will post 62.4371859 EPS for the current fiscal year.

Nichols Company Profile