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Norcros (LON:NXR) Share Price Passes Above Two Hundred Day Moving Average - Time to Sell?

Norcros logo with Industrials background

Key Points

  • Norcros plc's share price has surpassed its 200-day moving average, with the latest trading price at GBX 292 ($3.87).
  • Analysts from Shore Capital and Berenberg Bank have maintained a "buy" rating, with a target price of GBX 350 ($4.64) set by Berenberg.
  • Insider James Eyre sold 18,751 shares at an average price of GBX 300 ($3.98), bringing notable attention to insider trading activities within the company.
  • Need better tools to track Norcros? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Norcros plc (LON:NXR - Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 246.75 ($3.28) and traded as high as GBX 295 ($3.92). Norcros shares last traded at GBX 292 ($3.88), with a volume of 11,235 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NXR shares. Berenberg Bank reissued a "buy" rating and set a GBX 350 ($4.65) price objective on shares of Norcros in a report on Tuesday, July 15th. Shore Capital reissued a "buy" rating on shares of Norcros in a report on Wednesday, July 23rd.

Check Out Our Latest Research Report on NXR

Norcros Price Performance

The company has a debt-to-equity ratio of 40.60, a quick ratio of 0.91 and a current ratio of 2.00. The firm has a market cap of £253.97 million, a P/E ratio of 9.43 and a beta of 1.39. The company has a 50-day moving average of GBX 276.09 and a 200 day moving average of GBX 247.43.

Norcros (LON:NXR - Get Free Report) last posted its earnings results on Thursday, June 12th. The company reported GBX 32.60 ($0.43) 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 anticipate that Norcros plc will post 31.3118812 EPS for the current year.

Insider Transactions at Norcros

In other news, insider James Eyre sold 18,751 shares of the business's stock in a transaction on Monday, July 21st. The stock was sold at an average price of GBX 300 ($3.98), for a total transaction of £56,253 ($74,665.52). Insiders own 10.99% of the company's stock.

About Norcros

(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.

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