Shore Capital Reaffirms Hold Rating for Nichols (LON:NICL)

Shore Capital restated their hold rating on shares of Nichols (LON:NICL) in a report issued on Wednesday morning, ThisIsMoney.Co.Uk reports.

A number of other brokerages have also weighed in on NICL. Berenberg Bank restated a sell rating and set a GBX 600 ($7.84) price target on shares of in a research note on Wednesday, June 5th. Numis Securities upgraded Royal Bank of Scotland Group from an add rating to a buy rating in a research note on Wednesday, May 1st. Finally, HSBC set a $46.00 price target on Aqua America and gave the stock a buy rating in a research note on Friday, June 28th.

Shares of NICL stock opened at GBX 1,680 ($21.95) on Wednesday. Nichols has a fifty-two week low of GBX 1,230 ($16.07) and a fifty-two week high of GBX 1,840 ($24.04). The stock has a market capitalization of $621.08 million and a price-to-earnings ratio of 24.28. The business’s 50-day simple moving average is GBX 1,727.96.

The firm also recently declared a dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, July 25th will be paid a dividend of GBX 12.40 ($0.16) per share. The ex-dividend date of this dividend is Thursday, July 25th. This represents a dividend yield of 0.73%. Nichols’s payout ratio is 0.55%.

Nichols Company Profile

Nichols plc, together with its subsidiaries, supplies soft drinks to the retail, wholesale, catering, licensed, and leisure industries in the United Kingdom. The company operates through Still and Carbonate segments. It offers till, carbonated, post-mix, and frozen drinks categories under the Vimto, Feel Good, Levi Roots, Starslush, ICEE, Panda, and Sunkist brands.

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