Nichols (LON:NICL) Shares Cross Below 200 Day Moving Average – Time to Sell?

Nichols plc (LON:NICL) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,260.84 ($16.84) and traded as low as GBX 1,120 ($14.96). Nichols shares last traded at GBX 1,160.50 ($15.50), with a volume of 30,207 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank increased their price objective on Nichols from GBX 1,760 to GBX 1,820 and gave the company a “buy” rating in a report on Thursday, July 31st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 1,820.

Nichols Stock Performance

The company has a debt-to-equity ratio of 1.80, a quick ratio of 2.58 and a current ratio of 3.73. The stock has a fifty day simple moving average of GBX 1,167.08 and a two-hundred day simple moving average of GBX 1,260.84. The stock has a market capitalization of £424.31 million, a price-to-earnings ratio of 2,425.79 and a beta of 0.50.

Nichols (LON:NICL) last issued its quarterly earnings results on Thursday, July 31st. The company reported GBX 29.90 earnings per share for the quarter. Nichols had a return on equity of 18.96% and a net margin of 11.07%. Analysts forecast that Nichols plc will post 62.4371859 earnings per share for the current fiscal year.

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.