Numis Securities Set “Hold” Rating for Nichols (NICL)

Numis Securities Set “Hold” Rating for Nichols (NICL)

Numis Securities restated their hold rating on shares of Nichols (LON:NICL) in a report issued on Wednesday morning, Digital Look reports. The brokerage currently has a GBX 1,650 ($21.56) target price on the stock.

Separately, Shore Capital reissued an under review rating on shares of Nichols in a report on Wednesday, February 27th.

Shares of LON:NICL traded up GBX 5 ($0.07) during trading on Wednesday, reaching GBX 1,775 ($23.19). The company had a trading volume of 13,589 shares, compared to its average volume of 18,676. The firm has a market capitalization of $655.05 million and a price-to-earnings ratio of 25.65. Nichols has a 12 month low of GBX 1,230 ($16.07) and a 12 month high of GBX 1,810 ($23.65).

The firm also recently announced a dividend, which was paid on Friday, May 3rd. Investors of record on Thursday, March 21st were issued a dividend of GBX 26.80 ($0.35) per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a dividend yield of 1.73%. This is a positive change from Nichols’s previous dividend of $11.30. Nichols’s dividend payout ratio (DPR) is currently 0.55%.

In related news, insider Tim Croston sold 1,885 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of GBX 1,610 ($21.04), for a total transaction of £30,348.50 ($39,655.69).

Nichols Company Profile

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.

Featured Article: What is included in the gross domestic product?

Related posts

Leave a Comment