Nichols plc 12.1% potential upside indicated by Berenberg Bank

Nichols plc with ticker (LON:NICL) now has a potential upside of 12.1% according to Berenberg Bank.



Berenberg Bank set a target price of 1,325 GBX for the company, which when compared to the Nichols plc share price of 1,165 GBX at opening today (09/08/2022) indicates a potential upside of 12.1%. Trading has ranged between 1,075 (52 week low) and 1,590 (52 week high) with an average of 33,207 shares exchanging hands daily. The market capitalisation at the time of writing is £426,764,754.

Nichols plc is an international diversified soft drinks company. The Company’s segments include Still and Carbonate. The Company primarily offers products under the Vimto brand and also offers other brands in its portfolio, which include Feel Good, Starslush, ICEE, SLUSH PUPPiE, Levi Roots and Sunkist. Its product categories include still, carbonated, post-mix, coffee and frozen drinks. Its Vimto range includes squash, carbonates, still drinks, flavored water and frozen. It 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. It operates in Middle East, Africa, Rest of the World and United Kingdom.