Nichols (LON:NICL) Stock Rating Reaffirmed as Buy by Berenberg Bank

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

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

Nichols Stock Performance

NICL stock opened at GBX 1,090 on Wednesday. The stock’s 50 day simple moving average is GBX 1,103.73 and its 200 day simple moving average is GBX 1,006.41. Nichols has a 12-month low of GBX 880 and a 12-month high of GBX 1,200. The firm has a market cap of £398.67 million, a P/E ratio of 16.74 and a beta of 0.45. The company has a current ratio of 3.53, a quick ratio of 2.58 and a debt-to-equity ratio of 3.08.

Nichols (LON:NICL) last released its quarterly earnings data on Wednesday, July 29th. The company reported GBX 30.30 EPS for the quarter. Nichols had a net margin of 13.39% and a return on equity of 24.74%. As a group, equities research analysts predict that Nichols will post 62.4371859 EPS for the current year.

Insider Activity

In other news, insider Elizabeth McMeikan purchased 470 shares of Nichols stock in a transaction dated Wednesday, August 12th. The stock was bought at an average price of GBX 1,059 per share, with a total value of £4,977.30. Company insiders own 10.00% of the company’s stock.

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.