Norcros (LON:NXR) Stock Price Crosses Above 200 Day Moving Average - What's Next?

Key Points

• Norcros plc's stock price has recently surpassed its 200-day moving average of GBX 250.40, trading as high as GBX 295.
• Equity analysts maintain a "buy" rating on Norcros, with Berenberg Bank setting a price target of GBX 350.
• Recently, insider James Eyre sold 18,751 shares of Norcros stock at an average price of GBX 300, indicating ongoing insider activity.

Norcros plc (LON:NXR - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 250.40 ($3.36) and traded as high as GBX 295 ($3.96). Norcros shares last traded at GBX 292 ($3.92), with a volume of 23,589 shares traded.

Analysts Set New Price Targets

A number of equities analysts recently commented on NXR shares. Berenberg Bank reiterated a "buy" rating and issued a GBX 350 target price on shares of Norcros in a research report on Tuesday, July 15th. Shore Capital restated a "buy" rating on shares of Norcros in a research report on Wednesday, July 23rd. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of GBX 362.50.

Norcros Price Performance

The business's 50-day simple moving average is GBX 281.57 and its 200-day simple moving average is GBX 251.67. The stock has a market cap of £247.71 million, a PE ratio of 9.20 and a beta of 1.39. 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 released its quarterly earnings data on Thursday, June 12th. The company reported GBX 32.60 earnings per share (EPS) for the quarter. Norcros had a net margin of 6.83% and a return on equity of 12.35%. On average, research analysts expect that Norcros plc will post 31.3118812 EPS for the current fiscal year.

Insider Buying and Selling at Norcros

In other news, insider James Eyre sold 18,751 shares of Norcros stock in a transaction dated Monday, July 21st. The shares were sold at an average price of GBX 300, for a total transaction of £56,253. Insiders own 10.99% of the company's stock.

Norcros Company Profile

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.