Nichols PLC Chair Increases Stake with Share Purchase

Nichols ( (GB:NICL) ) just unveiled an announcement.

Nichols PLC announced that Liz McMeikan, the Non-Executive Chair, purchased 1,940 ordinary shares of the company at a price of 966.59 pence per share, increasing her total holding to 5,780 shares. This transaction reflects a minor increase in insider ownership, which could be interpreted as a sign of confidence in the company’s future prospects. The purchase was conducted on the London Stock Exchange’s AIM Market.

The most recent analyst rating on (GB:NICL) stock is a Hold with a £1083.00 price target. To see the full list of analyst forecasts on Nichols stock, see the GB:NICL Stock Forecast page.

Spark’s Take on GB:NICL Stock

According to Spark, TipRanks’ AI Analyst, GB:NICL is a Neutral.

Nichols’ overall stock score is driven by its solid financial performance and positive corporate event with the appointment of a new CFO. However, bearish technical indicators and fair valuation limit the score. The company is financially stable, but faces challenges in revenue growth and cash flow generation.

To see Spark’s full report on GB:NICL stock, click here.

More about Nichols

Nichols PLC, established in 1908, operates in the soft drinks industry and is known for its diverse range of products. The company owns or licenses several brands, including the iconic Vimto, and operates across three main markets: UK Packaged, International Packaged, and Out of Home. Nichols’ portfolio spans multiple soft drink categories such as squash, flavoured carbonates, fruit drinks, energy drinks, and flavoured water. The company is geographically diversified, with a significant presence in the Middle East and Africa, and its products are enjoyed in over 60 countries worldwide.

Average Trading Volume: 28,300

Technical Sentiment Signal: Sell

Current Market Cap: £351.7M

Find detailed analytics on NICL stock on TipRanks’ Stock Analysis page.