Berenberg Bank Increases Nichols (LON:NICL) Price Target to GBX 1,820

Nichols (LON:NICL) had its price objective lifted by stock analysts at Berenberg Bank from GBX 1,760 ($23.36) to GBX 1,820 ($24.16) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage currently has a “buy” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 47.37% from the stock’s previous close.

Nichols Trading Down 6.4%

Nichols stock opened at GBX 1,235 ($16.39) on Thursday. Nichols has a 52-week low of GBX 954 ($12.66) and a 52-week high of GBX 1,480 ($19.64). The company has a quick ratio of 2.58, a current ratio of 3.73 and a debt-to-equity ratio of 1.80. The firm has a market capitalization of £451.07 million, a price-to-earnings ratio of 24.10 and a beta of 0.50. The firm has a 50-day moving average price of GBX 1,378.86 and a two-hundred day moving average price of GBX 1,306.76.

Nichols (LON:NICL) last released its quarterly earnings results on Thursday, July 31st. The company reported GBX 29.90 ($0.40) earnings per share for the quarter. Nichols had a return on equity of 18.96% and a net margin of 11.07%. Sell-side analysts expect that Nichols will post 62.4371859 earnings per share for the current 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.