Nichols (LON:NICL) Shares Cross Below 200 Day Moving Average of $1,699.31

Nichols plc (LON:NICL)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1,699.31 and traded as low as $1,520.00. Nichols shares last traded at $1,575.00, with a volume of 11,264 shares changing hands.

A number of brokerages recently issued reports on NICL. Berenberg Bank restated a “hold” rating and issued a GBX 1,600 ($20.91) price objective on shares of Nichols in a research note on Monday, August 12th. Shore Capital restated a “hold” rating on shares of Nichols in a research note on Monday, October 21st.

The company has a 50-day moving average price of GBX 1,565.80 and a two-hundred day moving average price of GBX 1,696.93. The stock has a market capitalization of $568.40 million and a P/E ratio of 22.21.

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.

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