What’s Propelling Nichols plc to Reach 52-Week High?

 What's Propelling Nichols plc to Reach 52 Week High?

The stock of Nichols plc (LON:NICL) hit a new 52-week high and has GBX 1906.85 target or 30.00% above today’s GBX 1466.81 share price. The 8 months bullish chart indicates low risk for the GBX 551.50M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the GBX 1906.85 price target is reached, the company will be worth GBX 165.45 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 0.42% or GBX 6.19 on November 17, hitting GBX 1466.81. About 85,825 shares traded hands or 439.61% up from the average. Nichols plc (LON:NICL) has risen 11.51% since April 20, 2016 and is uptrending. It has outperformed by 6.89% the S&P500.

Nichols plc (LON:NICL) Ratings Coverage

Out of 5 analysts covering Nichols PLC (LON:NICL), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. GBX 1525 is the highest target while GBX 1177 is the lowest. The GBX 1448.33 average target is -1.26% below today’s (GBX 1466.81) stock price. Nichols PLC has been the topic of 12 analyst reports since July 23, 2015 according to StockzIntelligence Inc. As per Tuesday, July 26, the company rating was maintained by Numis Securities. The stock of Nichols plc (LON:NICL) earned “Buy” rating by Berenberg on Thursday, August 4. Investec maintained it with “Buy” rating and GBX 1440 target price in Thursday, March 17 report. The stock of Nichols plc (LON:NICL) earned “Hold” rating by Numis Securities on Tuesday, March 8. The firm has “Buy” rating by Shore Capital given on Friday, January 8. The company was downgraded on Wednesday, July 29 by Investec. As per Thursday, March 10, the company rating was maintained by Berenberg. N+1 Singer maintained the shares of NICL in a report on Thursday, July 23 with “Corporate” rating. The stock of Nichols plc (LON:NICL) earned “Buy” rating by Investec on Tuesday, January 19. As per Thursday, March 3, the company rating was maintained by Investec.

More notable recent Nichols plc (LON:NICL) news were published by: Fool.Co.Uk which released: “Are Unilever plc, Nichols plc and Majestic Wine plc about to crash?” on May 17, 2016, also Fool.Co.Uk with their article: “Are Diageo plc, AG Barr plc And Nichols plc Capable Of 20%+ Returns?” published on December 03, 2015, Fool.Co.Uk published: “Are Stock Spirits Group PLC And Nichols plc Better Buys Than Diageo plc?” on June 24, 2015. More interesting news about Nichols plc (LON:NICL) were released by: Fool.Co.Uk and their article: “Do Budget Changes Make Premier Oil PLC, Nichols plc and Britvic Plc A Buy?” published on March 16, 2016 as well as Fool.Co.Uk‘s news article titled: “3 Great Shares For Your ISA You’ve Probably Never Heard Of: James Halstead PLC …” with publication date: March 30, 2015.

Nichols plc is a United Kingdom-based firm engaged in international soft drinks business with sales in over 70 countries, selling products in both the Still and Carbonate categories. The company has a market cap of 551.50 million GBP. The Company’s divisions are Still and Carbonate. It has a 22.67 P/E ratio. It offers Vimto brand, which is offered in the United Kingdom and around the world, in particular in the Middle East and Africa.

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