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

Nichols (LON:NICLGet Free Report) had its target price cut by investment analysts at Berenberg Bank from GBX 1,820 to GBX 1,720 in a research note issued on Wednesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target suggests a potential upside of 77.69% from the company’s current price.

Several other research firms have also recently issued reports on NICL. Peel Hunt reiterated a “hold” rating and issued a GBX 1,300 target price on shares of Nichols in a research note on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft dropped their price objective on 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 analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 1,390.

Check Out Our Latest Analysis on NICL

Nichols Stock Up 6.4%

NICL traded up GBX 58 during midday trading on Wednesday, reaching GBX 968. 61,739 shares of the company were exchanged, compared to its average volume of 37,641. The company has a market cap of £353.93 million, a price-to-earnings ratio of 20.23 and a beta of 0.50. Nichols has a one year low of GBX 880 and a one year high of GBX 1,480. The company’s fifty day moving average price is GBX 984.27 and its 200 day moving average price is GBX 1,038.30. The company has a debt-to-equity ratio of 1.93, a quick ratio of 2.58 and a current ratio of 2.91.

Nichols (LON:NICLGet Free Report) last announced 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 20.45% and a net margin of 10.03%. As a group, analysts expect that Nichols will post 62.4371859 EPS for the current year.

Insider Transactions at Nichols

In related news, insider Alan Williams acquired 2,500 shares of the stock in a transaction dated Monday, December 15th. The stock was acquired at an average cost of GBX 970 per share, with a total value of £24,250. 9.05% of the stock is currently owned by insiders.

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