Nichols price target hiked to 1400p as Deutsche Bank flags value

What Brokers Say Retail & Consumer Written by: Ian Lyall 11:00 Fri 04 Sep 2026 --> Edited by: Jamie Ashcroft Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Ian Lyall Ian Lyall, a seasoned journalist and editor, brings over three decades of experience to his role as Managing Editor at Proactive. Overseeing Proactive's editorial and broadcast operations across six offices on three continents, Ian is responsible for quality control, editorial policy, and content production. He directs the creation of 50,000 pieces of real-time news, feature articles, and filmed interviews annually. Prior to Proactive, Ian helped lead the business output at the Daily... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Nichols PLC ( AIM:NICL ) View Price & Profile Nichols price target hiked to 1400p as Deutsche Bank flags value Published: 11:00 04 Sep 2026 BST Nichols PLC (AIM:NICL) received an updated assessment from Deutsche Bank on Friday, as the broker stated that the beverage group's growth was underappreciated and its valuation was undemanding. The shares were trading at 1,149p in early Friday activity as the broker reiterated its 'buy' rating and raised its target from 1,150p to 1,400p. In a note titled 'A Refreshing Opportunity', Deutsche Bank said the UK soft drinks market was worth approximately £20.9 billion in 2025 and had grown at an 8.7% compound annual growth rate over the past five years. While the near-term backdrop remains mixed, the broker said the category had historically proved resilient. It pointed out that soft drinks had maintained a broadly stable share of the UK food and non-alcohol grocery basket despite varying economic conditions. Deutsche added that innovation, marketing and reformulation continued to support long-term growth. Addressing regulatory risks, Deutsche Bank said the deposit return scheme (DRS) remained a key investor concern and was already reflected in its forecasts. The broker stress-tested AG Barr using a severe downside scenario that assumed disruption was limited to a 12-week period and that there was no pricing recovery. Deutsche said this scenario would imply a roughly 1% downgrade to its FY28 sales forecast for AG Barr, even without a pricing recovery. In its assessment, the broker said Nichols was even less exposed than AG Barr, given its sizeable squash business and international operations. The broker's 1,400p price target reflects its view that Nichols' growth prospects are underappreciated and its valuation remains undemanding. Continue reading