What’s Nichols plc Upside After Reaching 52-Week High?

 What's Nichols plc Upside After Reaching 52 Week High?

The stock of Nichols plc (LON:NICL) hit a new 52-week high and has GBX 1637.70 target or 6.00% above today’s GBX 1545.00 share price. The 5 months bullish chart indicates low risk for the GBX 566.54 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the GBX 1637.70 price target is reached, the company will be worth GBX 33.99M 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 increased 0.26% or GBX 4 on November 28, hitting GBX 1545. About 10,567 shares traded hands. Nichols plc (LON:NICL) has risen 16.21% since April 28, 2016 and is uptrending. It has outperformed by 10.20% 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 -6.26% below today’s (GBX 1545) stock price. Nichols PLC has been the topic of 12 analyst reports since July 23, 2015 according to StockzIntelligence Inc. On Thursday, March 10 the stock rating was maintained by Berenberg with “Buy”. N+1 Singer maintained Nichols plc (LON:NICL) on Thursday, July 23 with “Corporate” rating. The rating was maintained by Numis Securities with “Hold” on Tuesday, March 8. The firm has “Buy” rating by Berenberg given on Thursday, August 4. The rating was downgraded by Investec on Wednesday, July 29 to “Hold”. The rating was maintained by Investec with “Buy” on Thursday, March 17. Investec upgraded the stock to “Buy” rating in Tuesday, January 19 report. Numis Securities maintained the stock with “Hold” rating in Tuesday, July 26 report. The firm earned “Buy” rating on Thursday, March 3 by Investec. The stock of Nichols plc (LON:NICL) has “Buy” rating given on Friday, January 8 by Shore Capital.

More 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 published the news titled: “Are Stock Spirits Group PLC And Nichols plc Better Buys Than Diageo plc?” on June 24, 2015. Fool.Co.Uk‘s news article titled: “Do Budget Changes Make Premier Oil PLC, Nichols plc and Britvic Plc A Buy?” with publication date: March 16, 2016 was also an interesting one.

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 566.54 million GBP. The Company’s divisions are Still and Carbonate. It has a 23.88 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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