Nichols (LON:NICL) Share Price Passes Above 50-Day Moving Average of $1,783.12

Shares of Nichols plc (LON:NICL) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $1,783.12 and traded as high as $1,725.00. Nichols shares last traded at $1,735.00, with a volume of 12,751 shares trading hands.

A number of brokerages recently weighed in on NICL. HSBC reaffirmed a “hold” rating on shares of Nichols in a research report on Friday. Berenberg Bank reaffirmed a “hold” rating and set a GBX 1,600 ($20.91) price objective on shares of Nichols in a research report on Wednesday, June 5th. Numis Securities reaffirmed a “hold” rating and set a GBX 1,650 ($21.56) price objective on shares of Nichols in a research report on Wednesday, May 1st. Finally, Shore Capital reaffirmed a “hold” rating on shares of Nichols in a research report on Wednesday, May 1st.

The business’s 50-day moving average price is GBX 1,780.42. The company has a market capitalization of $634.75 million and a P/E ratio of 24.86.

In other Nichols news, insider Tim Croston sold 1,885 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of GBX 1,610 ($21.04), for a total value of £30,348.50 ($39,655.69).

About Nichols (LON:NICL)

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.

Further Reading: What is a Market Correction?

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.