Norcros plc (LON:NXR - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 241.26 ($3.24) and traded as high as GBX 277 ($3.73). Norcros shares last traded at GBX 270 ($3.63), with a volume of 2,348,424 shares traded.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on NXR shares. Berenberg Bank reaffirmed a "buy" rating and set a GBX 350 ($4.71) price target on shares of Norcros in a research note on Thursday, April 10th. Shore Capital reaffirmed a "buy" rating on shares of Norcros in a research note on Thursday, April 10th.
View Our Latest Stock Analysis on Norcros
Norcros Trading Up 0.4%
The company has a market cap of £242.35 million, a PE ratio of 9.00 and a beta of 1.39. The stock's 50 day moving average is GBX 255.20 and its 200-day moving average is GBX 241.38. The company has a quick ratio of 0.91, a current ratio of 2.00 and a debt-to-equity ratio of 40.60.
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 for the quarter. Norcros had a net margin of 6.83% and a return on equity of 12.35%. As a group, sell-side analysts anticipate that Norcros plc will post 31.3118812 EPS for the current year.
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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