Norcros' (NXR) Buy Rating Reaffirmed at Numis Securities

Numis Securities restated their buy rating on shares of Norcros (LON:NXR - Free Report) in a research report sent to investors on Thursday morning, MarketBeat.com reports. They currently have a GBX 315 ($3.99) price target on the stock.

A number of other brokerages have also recently issued reports on NXR. Berenberg Bank restated a buy rating and issued a GBX 325 ($4.11) price objective on shares of Norcros in a research note on Thursday. Shore Capital reiterated a buy rating on shares of Norcros in a research report on Thursday.

Norcros Stock Performance

Shares of LON NXR traded up GBX 3.50 ($0.04) during trading hours on Thursday, hitting GBX 180 ($2.28). 59,368 shares of the stock were exchanged, compared to its average volume of 70,755. The company has a debt-to-equity ratio of 47.99, a current ratio of 2.10 and a quick ratio of 0.91. The company's 50 day moving average is GBX 184.62 and its 200 day moving average is GBX 173.09. The firm has a market capitalization of £161.28 million, a P/E ratio of 1,125.00 and a beta of 1.43. Norcros has a one year low of GBX 134 ($1.70) and a one year high of GBX 204 ($2.58).

Norcros Company Profile

Norcros plc, together with its subsidiaries, develops, manufactures, and markets bathroom and kitchen products in the United Kingdom and South Africa. The company manufactures and distributes electric and mixer showers, and accessories under the Triton brand; shower enclosures and trays to the residential, commercial, and hospitality sectors under the Merlyn brand; taps, mixer showers, bathroom accessories, and valves under the Vado brand; and accessories and furniture for the bathroom, such as toilet seats, wall-mounted cupboards, vanity units, shower rods, rails, and curtains to retail and trade customers under the Croydex brand.