Nichols (LON:NICL) Share Price Crosses Below 200 Day Moving Average – Here’s Why

Nichols plc (LON:NICL)’s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,144.44 and traded as low as GBX 932. Nichols shares last traded at GBX 968, with a volume of 14,221 shares.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Berenberg Bank reissued a “buy” rating and issued a GBX 1,820 target price on shares of Nichols in a research report on Tuesday, November 11th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 1,300 price objective on shares of Nichols in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of GBX 1,560.

Nichols Stock Performance

The stock has a fifty day moving average of GBX 994.05 and a 200-day moving average of GBX 1,144.44. The stock has a market capitalization of £353.93 million, a PE ratio of 20.23 and a beta of 0.50. The company has a quick ratio of 2.58, a current ratio of 3.73 and a debt-to-equity ratio of 1.80.

Insider Buying and Selling

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

About Nichols