Nichols plc -10.2% potential downside indicated by Berenberg Bank

Nichols plc with ticker (LON:NICL) now has a potential downside of -10.2% according to Berenberg Bank.



Berenberg Bank set a target price of 1,375 GBX for the company, which when compared to the Nichols plc share price of 1,515 GBX at opening today (12/01/2022) indicates a potential downside of -10.2%. Trading has ranged between 1,050 (52 week low) and 1,650 (52 week high) with an average of 16,989 shares exchanging hands daily. The market capitalisation at the time of writing is £539,575,615.

Nichols plc is an international diversified soft drinks company. The Company’s segments include Still and Carbonate. The Company offers products under the Vimto brand and also offers other brands in its portfolio, which include SLUSH PUPPiE, Feel Good, Starslush, ICEE, Levi Roots and Sunkist. Its portfolio spans still, carbonated, post mix, coffee and frozen drinks. The Company has a diversified over three routes to market, which include United Kingdom Packaged, which sells a range of owned and licensed brands through its grocery stores, cash and carries, convenience stores and corner shop; Out of Home, which delivers full-service soft drinks offer to customers within the leisure, catering and hospitality sectors, and International, which sells Vimto in a range of formats in approximately 73 countries worldwide. Its geographical areas include Middle East, Africa, Rest of the World and United Kingdom.