Nichols (LON:NICL) Hits New 52-Week Low – Time to Sell?

Nichols plc (LON:NICLGet Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 926.67 and last traded at GBX 940, with a volume of 43150 shares changing hands. The stock had previously closed at GBX 950.

Analysts Set New Price Targets

NICL has been the topic of a number of research reports. Peel Hunt reissued a “hold” rating and set a GBX 1,300 target price on shares of Nichols in a report on Tuesday, November 11th. Berenberg Bank reiterated a “buy” rating and set a GBX 1,820 price target on shares of Nichols in a report on Tuesday, November 11th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,560.

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Nichols Price Performance

The company has a current ratio of 3.73, a quick ratio of 2.58 and a debt-to-equity ratio of 1.80. The business’s 50-day simple moving average is GBX 994.05 and its two-hundred day simple moving average is GBX 1,144.44. The firm has a market cap of £343.69 million, a price-to-earnings ratio of 19.65 and a beta of 0.50.

Insiders Place Their Bets

In other news, insider Alan Williams bought 2,500 shares of the company’s stock in a transaction that occurred on Monday, December 15th. The shares were acquired at an average price of GBX 970 per share, for a total transaction of £24,250. 9.02% of the stock is owned by corporate insiders.

Nichols Company Profile

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Further Reading

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