Nichols plc Executives Increase Shareholdings

Nichols ( (GB:NICL) ) has shared an update.

Nichols plc announced that Liz McMeikan, the Non-Executive Chair, and Rachel Armer, the People Director, have purchased additional shares in the company. McMeikan acquired 840 shares, while Armer bought 85 shares, both at a price of 1,167 pence per share. These transactions slightly increase their respective stakes in the company, with McMeikan now holding 3,840 shares and Armer holding 85 shares. This move indicates confidence in the company’s future prospects and may positively influence stakeholder perception.

The most recent analyst rating on (GB:NICL) stock is a Hold with a £12.50 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 reflects strong financial health and positive corporate events, which are offset by bearish technical indicators and a high valuation. The company’s solid profitability and strategic advancements are positive, but the current market momentum and valuation present challenges.

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

More about Nichols

Nichols plc is a diversified soft drinks company established in 1908, operating in the resilient soft drinks category. The company owns or licenses several brands and is geographically and operationally diversified. Nichols operates across three routes to market: UK Packaged, International Packaged, and Out of Home. In the UK, it covers five soft drinks sub-categories including squash, flavoured carbonates, fruit drinks, energy, and flavoured water. Its portfolio includes the iconic Vimto brand and a growing number of licensed brands such as Levi Roots, ICEE, SLUSH PUPPiE, and Sunkist. Vimto is particularly prominent in the Middle East and Africa, enjoyed in over 60 countries worldwide.

Average Trading Volume: 28,923

Technical Sentiment Signal: Buy

Current Market Cap: £431.4M

Learn more about NICL stock on TipRanks’ Stock Analysis page.