Nichols (LON:NICL) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Shares of Nichols plc (LON:NICL) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 973.26 and traded as high as GBX 1,140. Nichols shares last traded at GBX 1,115, with a volume of 65,869 shares traded.

Analyst Upgrades and Downgrades

A number of research firms have commented on NICL. Berenberg Bank increased their price target on Nichols from GBX 1,720 to GBX 1,750 and gave the company a “buy” rating in a research note on Monday, August 10th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,150 price target on shares of Nichols in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 1,400.

Nichols Price Performance

The stock’s 50 day simple moving average is GBX 1,003.56 and its 200-day simple moving average is GBX 973.26. The firm has a market cap of £407.70 million, a price-to-earnings ratio of 17.13 and a beta of 0.45. The company has a debt-to-equity ratio of 3.08, a quick ratio of 2.58 and a current ratio of 3.53.

Nichols (LON:NICL) last posted its quarterly earnings data on Wednesday, July 29th. The company reported GBX 30.30 EPS for the quarter. Nichols had a net margin of 13.39% and a return on equity of 24.74%. Equities research analysts anticipate that Nichols plc will post 62.4371859 EPS for the current fiscal year.

Insider Transactions at Nichols

In other news, insider Elizabeth McMeikan bought 470 shares of Nichols stock in a transaction that occurred on Wednesday, August 12th. The stock was bought at an average price of GBX 1,059 per share, for a total transaction of £4,977.30. 9.91% of the stock is owned by company insiders.

About Nichols