Norcros plc (LON:NXR - Get Free Report)'s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 239.86 ($3.23) and traded as high as GBX 246 ($3.31). Norcros shares last traded at GBX 242 ($3.26), with a volume of 30,205 shares traded.
Analyst Upgrades and Downgrades
NXR has been the subject of a number of analyst reports. Shore Capital reaffirmed a "buy" rating on shares of Norcros in a report on Thursday, April 10th. Berenberg Bank reissued a "buy" rating and set a GBX 350 ($4.71) price objective on shares of Norcros in a research note on Thursday, April 10th.
View Our Latest Analysis on Norcros
Norcros Stock Up 7.0%
The company has a market cap of £231.62 million, a P/E ratio of 8.60 and a beta of 1.39. The company has a 50 day moving average of GBX 238.18 and a 200-day moving average of GBX 239.82. 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 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.
See Also
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
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
