Norcros plc (LON:NXR - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 241.99 ($3.32) and traded as high as GBX 277 ($3.80). Norcros shares last traded at GBX 277 ($3.80), with a volume of 34,838 shares traded.
Wall Street Analyst Weigh In
A number of research analysts recently commented on NXR shares. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 350 ($4.80) price target on shares of Norcros in a research note on Thursday, April 10th. Shore Capital restated a "buy" rating on shares of Norcros in a research report on Thursday, April 10th.
Read Our Latest Report on Norcros
Norcros Trading Up 1.5%
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 stock has a market cap of £247.71 million, a P/E ratio of 9.20 and a beta of 1.39. The firm's fifty day simple moving average is GBX 259.46 and its 200-day simple moving average is GBX 241.99.
Norcros (LON:NXR - Get Free Report) last released its quarterly earnings data on Thursday, June 12th. The company reported GBX 32.60 ($0.45) EPS for the quarter. Norcros had a net margin of 6.83% and a return on equity of 12.35%. Equities research analysts expect that Norcros plc will post 31.3118812 EPS for the current fiscal year.
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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