Nichols (LON:NICL) Stock Keeps Buy Rating at Berenberg Bank

Nichols (LON:NICL)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a research report issued on Wednesday, Digital Look reports. They currently have a GBX 1,750 target price on the stock. Berenberg Bank’s price objective points to a potential upside of 60.55% from the stock’s current price.

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,150 target price on shares of Nichols in a research note on Thursday, July 30th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,400.

Nichols Price Performance

Shares of LON:NICL opened at GBX 1,090 on Wednesday. The company has a quick ratio of 2.58, a current ratio of 3.53 and a debt-to-equity ratio of 3.08. The stock has a market cap of £398.67 million, a PE ratio of 16.74 and a beta of 0.45. The company’s fifty day moving average is GBX 1,103.73 and its 200 day moving average is GBX 1,006.41. Nichols has a 52 week low of GBX 880 and a 52 week high of GBX 1,200.

Nichols (LON:NICL) last posted its quarterly earnings results on Wednesday, July 29th. The company reported GBX 30.30 earnings per share (EPS) for the quarter. Nichols had a net margin of 13.39% and a return on equity of 24.74%. Research analysts anticipate that Nichols will post 62.4371859 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Elizabeth McMeikan purchased 470 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were acquired at an average price of GBX 1,059 per share, with a total value of £4,977.30. 10.00% of the stock is owned by insiders.

Nichols Company Profile

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. Nichols’ portfolio includes the iconic Vimto brand, vitamin-fortified health and wellness brand VITHIT, plus a growing portfolio of licensed brands including MyProtein, Levi Roots, ICEE, and Sunkist.