Nichols (LON:NICL) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Nichols plc (LON:NICL) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,163.40 and traded as low as GBX 932.96. Nichols shares last traded at GBX 958, with a volume of 10,483 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NICL shares. Peel Hunt reiterated a “hold” rating and issued a GBX 1,300 target price on shares of Nichols in a report on Tuesday, November 11th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,820 price objective on shares of Nichols in a research note on Tuesday, November 11th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, Nichols presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,560.

Nichols Price Performance

The company’s fifty day moving average price is GBX 1,006.31 and its two-hundred day moving average price is GBX 1,163.40. 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 company has a market cap of £347.35 million, a price-to-earnings ratio of 19.86 and a beta of 0.50.

Insiders Place Their Bets

In other news, insider Alan Williams bought 2,500 shares of the stock in a transaction on Monday, December 15th. The stock was purchased at an average price of GBX 970 per share, for a total transaction of £24,250. Insiders own 9.02% of the company’s stock.

About Nichols