Norcros plc (LON:NXR - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 240.60 ($3.26) and traded as high as GBX 264 ($3.58). Norcros shares last traded at GBX 251 ($3.41), with a volume of 23,620 shares traded.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on NXR shares. Shore Capital reaffirmed a "buy" rating on shares of Norcros in a research report on Thursday, April 10th. Berenberg Bank reiterated a "buy" rating and issued a GBX 350 ($4.75) price target on shares of Norcros in a research note on Thursday, April 10th.
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Norcros Stock Performance
The company has a quick ratio of 0.91, a current ratio of 2.00 and a debt-to-equity ratio of 40.60. The company has a 50 day moving average of GBX 236.53 and a 200 day moving average of GBX 239.98. The firm has a market cap of £223.57 million, a price-to-earnings ratio of 8.30 and a beta of 1.39.
Norcros Company Profile
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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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