Norcros (LON:NXR - Get Free Report)'s stock had its "buy" rating reiterated by equities research analysts at Berenberg Bank in a research note issued on Tuesday,Digital Look reports. They currently have a GBX 350 ($4.70) price objective on the stock. Berenberg Bank's target price would indicate a potential upside of 18.24% from the company's current price.
Separately, Shore Capital reissued a "buy" rating on shares of Norcros in a research report on Tuesday.
Read Our Latest Analysis on NXR
Norcros Stock Performance
Norcros stock traded up GBX 21 ($0.28) during midday trading on Tuesday, hitting GBX 296 ($3.97). 282,115 shares of the company were exchanged, compared to its average volume of 203,303. The firm has a market capitalization of £264.70 million, a PE ratio of 9.83 and a beta of 1.39. Norcros has a fifty-two week low of GBX 184.50 ($2.48) and a fifty-two week high of GBX 301.40 ($4.05). The business has a fifty day simple moving average of GBX 266.33 and a two-hundred day simple moving average of GBX 243.33. The company has a debt-to-equity ratio of 40.60, a quick ratio of 0.91 and a current ratio of 2.00.
Norcros (LON:NXR - Get Free Report) last announced its quarterly earnings results on Thursday, June 12th. The company reported GBX 32.60 ($0.44) EPS for the quarter. Norcros had a return on equity of 12.35% and a net margin of 6.83%. On average, sell-side analysts forecast that Norcros will post 31.3118812 earnings per share for the current year.
About Norcros
(
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Norcros is a market leading group of brands providing design led, high quality bathroom and kitchen products with operations primarily in the UK and South Africa.
Based in the UK, Norcros operates under six brands:
· Triton – Market leader in the manufacture and marketing of showers in the UK
· Merlyn – UK and Ireland's No.1 supplier of shower enclosures and trays to the residential, commercial, and hospitality sectors
· Grant Westfield – Leading manufacturer of high-end waterproof bathroom wall panels
· Vado – Leading manufacturer and supplier of taps, mixer showers, bathroom accessories, and valves
· Croydex – Market-leading, innovative designer, manufacturer, and distributor of high-quality bathroom furnishings and accessories
· Abode – Leading niche designer and distributor of high-quality kitchen taps, bathroom taps, and kitchen sinks
Based in South Africa, Norcros operates under four brands:
· Tile Africa – Chain of retail stores focused on ceramic and porcelain tiles and associated products such as sanitaryware, showers, and adhesives
· Johnson Tiles South Africa – Manufacturer of ceramic and porcelain tiles
· TAL – Leading manufacturer of ceramic and building adhesives in South Africa
· House of Plumbing – Market-leading supplier of specialist plumbing materials
Norcros is headquartered in Wilmslow, Cheshire and employs around 2,100 people.
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