Nichols (LON:NICL) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Nichols plc (LON:NICL)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 962.51 and traded as high as GBX 990. Nichols shares last traded at GBX 980, with a volume of 29,567 shares traded.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,150 price target on shares of Nichols in a research report on Wednesday, April 22nd. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,720 price objective on shares of Nichols in a research report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of GBX 1,390.

Nichols Stock Up 1.8%

The stock has a market capitalization of £364.92 million, a P/E ratio of 17.11 and a beta of 0.43. The company has a debt-to-equity ratio of 4.97, a quick ratio of 2.58 and a current ratio of 3.63. The firm’s 50-day simple moving average is GBX 953.22 and its 200 day simple moving average is GBX 962.51.

About Nichols