Nichols (LON:NICL) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Nichols plc (LON:NICL) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,022.50 and traded as low as GBX 888.90. Nichols shares last traded at GBX 938, with a volume of 61,210 shares traded.

Analysts Set New Price Targets

NICL has been the subject of several recent analyst reports. Berenberg Bank reduced their price target on Nichols from GBX 1,820 to GBX 1,720 and set a “buy” rating for the company in a report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft dropped their price objective 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 equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Nichols presently has a consensus rating of “Hold” and a consensus price target of GBX 1,390.

Nichols Price Performance

The company has a market cap of £342.96 million, a PE ratio of 19.61 and a beta of 0.50. The firm has a 50-day simple moving average of GBX 981.53 and a two-hundred day simple moving average of GBX 1,022.50.

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

About Nichols