Nichols (LON:NICL) Price Target Lowered to GBX 1,720 at Berenberg Bank

Nichols (LON:NICL) had its price target decreased by Berenberg Bank from GBX 1,820 to GBX 1,720 in a report issued on Wednesday, MarketBeat Ratings reports. Berenberg Bank currently has a buy rating on the stock.

A number of other brokerages have also recently commented on NICL. Peel Hunt reiterated a “hold” rating and set a GBX 1,300 target price on shares of Nichols in a report on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Nichols from GBX 1,250 to GBX 1,150 and set a “hold” rating for the company in a research note on Wednesday, January 14th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Nichols currently has an average rating of “Hold” and an average target price of GBX 1,390.

Nichols Stock Performance

LON:NICL opened at GBX 968 on Wednesday. Nichols has a 1 year low of GBX 880 and a 1 year high of GBX 1,480. The company has a debt-to-equity ratio of 1.93, a quick ratio of 2.58 and a current ratio of 2.91. The stock has a 50-day simple moving average of GBX 984.55 and a 200-day simple moving average of GBX 1,037.81. The stock has a market cap of £353.93 million, a P/E ratio of 20.23 and a beta of 0.50.

Nichols (LON:NICL) last posted its earnings results on Wednesday, March 11th. The company reported GBX 67.53 earnings per share for the quarter. Nichols had a net margin of 10.03% and a return on equity of 20.45%. As a group, analysts anticipate that Nichols will post 62.4371859 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Nichols news, insider Alan Williams bought 2,500 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The stock was purchased at an average cost of GBX 970 per share, for a total transaction of £24,250. Insiders own 9.05% of the company’s stock.

Nichols Company Profile