Berenberg Bank Cuts Nichols (LON:NICL) Price Target to GBX 1,720

Nichols (LON:NICL) had its price objective lowered by analysts at Berenberg Bank from GBX 1,820 to GBX 1,720 in a report released on Wednesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Berenberg Bank’s price target indicates a potential upside of 77.69% from the stock’s previous close.

A number of other brokerages also recently commented on NICL. Peel Hunt reaffirmed a “hold” rating and issued a GBX 1,300 price objective on shares of Nichols in a research report on Tuesday, November 11th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Nichols from GBX 1,250 to GBX 1,150 and set a “hold” rating on the stock in a research report on Wednesday, January 14th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 1,390.

Nichols Stock Up 6.4%

NICL traded up GBX 58 on Wednesday, hitting GBX 968. 61,739 shares of the company were exchanged, compared to its average volume of 37,641. The firm has a 50-day moving average price of GBX 984.27 and a two-hundred day moving average price of GBX 1,038.30. The company has a current ratio of 2.91, a quick ratio of 2.58 and a debt-to-equity ratio of 1.93. Nichols has a twelve month low of GBX 880 and a twelve month high of GBX 1,480. The company has a market cap of £353.93 million, a price-to-earnings ratio of 20.23 and a beta of 0.50.

Nichols (LON:NICL) last announced its quarterly earnings data on Wednesday, March 11th. The company reported GBX 67.53 EPS for the quarter. Nichols had a net margin of 10.03% and a return on equity of 20.45%. On average, equities analysts predict that Nichols will post 62.4371859 earnings per share for the current year.

Insider Activity at Nichols

In related news, insider Alan Williams purchased 2,500 shares of the stock in a transaction on Monday, December 15th. The shares were purchased at an average price of GBX 970 per share, with a total value of £24,250. 9.05% of the stock is owned by insiders.

About Nichols