Nichols’ (NICL) Buy Rating Reiterated at Berenberg Bank

Nichols (LON:NICL)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a report issued on Wednesday, October 7th, Digital Look reports. They currently have a GBX 1,750 price objective on the stock. Berenberg Bank’s target price suggests a potential upside of 56.95% from the company’s current price.

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

Nichols Price Performance

Shares of NICL stock traded down GBX 5 during midday trading on Wednesday, reaching GBX 1,115. 18,452 shares of the company traded hands, compared to its average volume of 44,413. The firm’s 50 day simple moving average is GBX 1,106.93 and its two-hundred day simple moving average is GBX 1,010.36. The firm has a market cap of £407.81 million, a PE ratio of 17.13 and a beta of 0.45. The company has a debt-to-equity ratio of 3.08, a current ratio of 3.53 and a quick ratio of 2.58. Nichols has a 1-year low of GBX 880 and a 1-year high of GBX 1,200.

Nichols (LON:NICL) last released its quarterly earnings data on Wednesday, July 29th. The company reported GBX 30.30 earnings per share for the quarter. Nichols had a return on equity of 24.74% and a net margin of 13.39%. On average, equities research analysts expect that Nichols will post 62.44 EPS for the current fiscal year.

Insider Activity at Nichols

In related news, insider Elizabeth McMeikan acquired 470 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was purchased at an average price of GBX 1,059 per share, for a total transaction of £4,977.30. 10.00% of the stock is currently owned by insiders.

About Nichols

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.