Norcros plc (LON:NXR - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 308.17 and traded as high as GBX 326. Norcros shares last traded at GBX 326, with a volume of 229,052 shares traded.
Analysts Set New Price Targets
NXR has been the topic of a number of research reports. Berenberg Bank reissued a "buy" rating and set a GBX 440 target price on shares of Norcros in a report on Wednesday, July 22nd. Shore Capital Group reaffirmed a "house stock" rating on shares of Norcros in a research note on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of GBX 470.
Check Out Our Latest Research Report on NXR
Norcros Stock Performance
The stock has a 50 day moving average of GBX 310.65 and a 200 day moving average of GBX 308.17. The company has a quick ratio of 0.91, a current ratio of 1.92 and a debt-to-equity ratio of 65.07. The company has a market capitalization of £291.16 million, a price-to-earnings ratio of 1,086.67 and a beta of 1.05.
Norcros (LON:NXR - Get Free Report) last posted its quarterly earnings data on Wednesday, June 17th. The company reported GBX 36.30 EPS for the quarter. Norcros had a net margin of 0.08% and a return on equity of 0.15%. The company had revenue of £393.40 million for the quarter. As a group, analysts predict that Norcros plc will post 31.3118812 EPS for the current year.
Insider Transactions at Norcros
In other Norcros news, insider Thomas Willcocks sold 47,618 shares of the company's stock in a transaction on Monday, July 27th. The shares were sold at an average price of GBX 314, for a total transaction of £149,520.52. 35.31% of the stock is currently owned by insiders.
Norcros Company Profile
(
Get Free Report)
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Norcros, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Norcros wasn't on the list.
While Norcros currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link to see MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
