Nichols (LON:NICL) Shares Pass Above 200-Day Moving Average – What’s Next?

Nichols plc (LON:NICL)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 962.21 and traded as high as GBX 980. Nichols shares last traded at GBX 946, with a volume of 18,114 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have recently commented on NICL shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 1,150 price objective on shares of Nichols in a research note on Wednesday, April 22nd. Berenberg Bank reissued a “buy” rating and set a GBX 1,720 price target on shares of Nichols in a report on Friday, June 26th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Nichols presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,390.

Nichols Stock Performance

The company has a market capitalization of £345.90 million, a price-to-earnings ratio of 16.22 and a beta of 0.44. The firm has a fifty day simple moving average of GBX 950.75 and a 200 day simple moving average of GBX 962.21. The company has a debt-to-equity ratio of 4.97, a current ratio of 3.63 and a quick ratio of 2.58.

About Nichols