Nichols benefits from a strong core brand in Vimto, which is capable of both domestic and international growth. This core should be supplemented by Vimto Out of Home as well as further M&A. We initiate coverage of Nichols - one of the four major UK listed soft drinks manufacturers - with a BUY recommendation and a 1760p price target.
15 Nov 2016
Vimto and beyond
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Vimto and beyond
Nichols plc (NICL:LON) | 984 -39.4 (-0.4%) | Mkt Cap: 359.4m
- Published:
15 Nov 2016 -
Author:
Chris Wickham -
Pages:
21
Nichols benefits from a strong core brand in Vimto, which is capable of both domestic and international growth. This core should be supplemented by Vimto Out of Home as well as further M&A. We initiate coverage of Nichols - one of the four major UK listed soft drinks manufacturers - with a BUY recommendation and a 1760p price target.