Nichols’ (NICL) “Hold” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reiterated their hold rating on shares of Nichols (LON:NICL) in a research note issued to investors on Monday morning, Digital Look reports. The brokerage currently has a GBX 1,600 ($20.91) target price on the stock.

A number of other research firms also recently weighed in on NICL. HSBC reissued a hold rating on shares of Nichols in a research report on Friday, June 28th. Numis Securities reissued a hold rating and set a GBX 1,650 ($21.56) target price on shares of Nichols in a research report on Wednesday, May 1st. Finally, Shore Capital reissued a hold rating on shares of Nichols in a research report on Wednesday, July 17th.

Nichols stock opened at GBX 1,775 ($23.19) on Monday. Nichols has a twelve month low of GBX 1,230 ($16.07) and a twelve month high of GBX 1,840 ($24.04). The firm has a 50 day moving average price of GBX 1,726.04 and a 200-day moving average price of GBX 1,681.52. The company has a market capitalization of $669.14 million and a P/E ratio of 25.36.

The firm also recently declared a dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, July 25th will be paid a dividend of GBX 12.40 ($0.16) per share. This represents a dividend yield of 0.73%. The ex-dividend date is Thursday, July 25th. Nichols’s payout ratio is currently 0.56%.

About Nichols

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.

Read More: What is a death cross?

Receive News & Ratings for Nichols Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nichols and related companies with MarketBeat.com's FREE daily email newsletter.