Nichols (LON:NICL) Given Buy Rating at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Nichols (LON:NICL) in a research note released on Tuesday,Digital Look reports. Berenberg Bank currently has a GBX 1,720 price objective on the stock.

Separately, Deutsche Bank Aktiengesellschaft decreased their price target on Nichols from GBX 1,250 to GBX 1,150 and set a “hold” rating on the stock in a report on Wednesday, January 14th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Nichols currently has an average rating of “Hold” and an average target price of GBX 1,390.

Nichols Price Performance

Nichols stock opened at GBX 966 on Tuesday. The business’s 50-day simple moving average is GBX 954.42 and its 200 day simple moving average is GBX 993.46. The stock has a market cap of £353.21 million, a price-to-earnings ratio of 16.56 and a beta of 0.47. Nichols has a 12-month low of GBX 880 and a 12-month high of GBX 1,480. The company has a quick ratio of 2.58, a current ratio of 3.63 and a debt-to-equity ratio of 4.97.

Nichols (LON:NICL) last posted its quarterly earnings results on Wednesday, March 11th. The company reported GBX 67.53 earnings per share (EPS) for the quarter. Nichols had a return on equity of 23.59% and a net margin of 12.25%. As a group, research analysts anticipate that Nichols will post 62.4371859 earnings per share for the current year.

About Nichols