Nichols (LON:NICL) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Nichols plc (LON:NICLGet Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 967.38 and traded as high as GBX 1,050. Nichols shares last traded at GBX 1,040, with a volume of 26,570 shares trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on NICL shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,720 target price on shares of Nichols in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,150 target price on shares of Nichols in a research report on Thursday, July 30th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 1,390.

View Our Latest Stock Analysis on Nichols

Nichols Stock Down 0.7%

The company’s fifty day simple moving average is GBX 974.07 and its two-hundred day simple moving average is GBX 967.38. The company has a market capitalization of £377.50 million, a price-to-earnings ratio of 15.86 and a beta of 0.43.

Nichols (LON:NICLGet Free Report) last posted its earnings results on Wednesday, July 29th. The company reported GBX 30.30 earnings per share (EPS) for the quarter. Nichols had a return on equity of 24.74% and a net margin of 13.39%. Equities research analysts expect that Nichols plc will post 62.4371859 earnings per share for the current year.

Nichols Company Profile

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