Berenberg Bank Reiterates Buy Rating for Nichols (LON:NICL)

Nichols (LON:NICLGet Free Report)‘s stock had its “buy” rating reissued by equities researchers at Berenberg Bank in a research note issued to investors on Wednesday, MarketBeat Ratings reports. They currently have a GBX 1,760 ($23.48) price target on the stock. Berenberg Bank’s target price points to a potential upside of 43.67% from the company’s previous close.

Nichols Stock Performance

Shares of Nichols stock opened at GBX 1,225 ($16.34) on Wednesday. The company has a current ratio of 3.73, a quick ratio of 2.58 and a debt-to-equity ratio of 1.80. Nichols has a 1-year low of GBX 950 ($12.67) and a 1-year high of GBX 1,385 ($18.47). The business has a 50-day moving average price of GBX 1,261.80 and a two-hundred day moving average price of GBX 1,243.90. The company has a market cap of £447.42 million, a P/E ratio of 23.90 and a beta of 0.50.

Nichols (LON:NICLGet Free Report) last announced its quarterly earnings results on Wednesday, March 12th. The company reported GBX 64.02 ($0.85) earnings per share for the quarter. Nichols had a net margin of 11.07% and a return on equity of 18.96%. As a group, analysts anticipate that Nichols will post 62.4371859 EPS for the current year.

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