Norcros (LON:NXR) Hits New 52-Week High - Still a Buy?

Norcros plc (LON:NXR - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 302.04 ($4.05) and last traded at GBX 302 ($4.05), with a volume of 45146 shares changing hands. The stock had previously closed at GBX 296 ($3.97).

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on NXR. Berenberg Bank reiterated a "buy" rating and set a GBX 350 ($4.69) target price on shares of Norcros in a report on Tuesday, July 15th. Shore Capital reiterated a "buy" rating on shares of Norcros in a research report on Tuesday, July 15th.

Norcros Stock Down 1.7%

The stock has a market cap of £263.81 million, a price-to-earnings ratio of 9.80 and a beta of 1.39. The firm's 50-day moving average is GBX 269.49 and its 200 day moving average is GBX 244.48. The company has a debt-to-equity ratio of 40.60, a current ratio of 2.00 and a quick ratio of 0.91.

Norcros (LON:NXR - Get Free Report) last announced its earnings results on Thursday, June 12th. The company reported GBX 32.60 ($0.44) earnings per share (EPS) for the quarter. Norcros had a net margin of 6.83% and a return on equity of 12.35%. Sell-side analysts anticipate that Norcros plc will post 31.3118812 earnings per share for the current fiscal year.

Norcros Company Profile

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.