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

Nichols plc (LON:NICL)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 968.66 and traded as low as GBX 930. Nichols shares last traded at GBX 942, with a volume of 34,048 shares traded.

Analysts Set New Price Targets

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

Nichols Price Performance

The company has a current ratio of 3.63, a quick ratio of 2.58 and a debt-to-equity ratio of 4.97. The firm has a market cap of £344.43 million, a price-to-earnings ratio of 16.15 and a beta of 0.46. The company’s 50-day moving average is GBX 942.60 and its 200-day moving average is GBX 968.66.

Nichols (LON:NICL) last posted its quarterly earnings results 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%. Equities research analysts predict that Nichols plc will post 62.4371859 earnings per share for the current year.

About Nichols