Norcros plc (LON:NXR - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 240.89 ($3.20) and traded as low as GBX 237 ($3.15). Norcros shares last traded at GBX 250 ($3.32), with a volume of 42,508 shares traded.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the stock. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 350 ($4.65) target price on shares of Norcros in a report on Thursday, April 10th. Shore Capital restated a "buy" rating on shares of Norcros in a research report on Thursday, April 10th.
View Our Latest Research Report on NXR
Norcros Price Performance
The company's 50-day moving average price is GBX 227.76 and its two-hundred day moving average price is GBX 241.06. The company has a market cap of £234.30 million, a P/E ratio of 8.70 and a beta of 1.39. The company has a current ratio of 2.00, a quick ratio of 0.91 and a debt-to-equity ratio of 40.60.
About Norcros
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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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