Norcros (LON:NXR) Stock Crosses Above Two Hundred 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) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 250.40 ($3.38) and traded as high as GBX 295 ($3.98). Norcros shares last traded at GBX 292 ($3.94), with a volume of 23,589 shares traded.

Analyst Ratings Changes

Several analysts have issued reports on NXR shares. Shore Capital restated a "buy" rating on shares of Norcros in a research note on Wednesday, July 23rd. Berenberg Bank reissued a "buy" rating and set a GBX 350 target price on shares of Norcros in a report on Tuesday, July 15th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Norcros currently has a consensus rating of "Buy" and an average price target of GBX 362.50.

Norcros Stock Performance

The company has a market cap of £247.71 million, a P/E ratio of 9.20 and a beta of 1.39. The stock's 50-day moving average price is GBX 281.13 and its 200-day moving average price is GBX 251.19. 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 (LON:NXR - Get Free Report) last posted 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%. Equities analysts anticipate that Norcros plc will post 31.3118812 EPS for the current year.

Insiders Place Their Bets

In other news, insider James Eyre sold 18,751 shares of the company's stock in a transaction on Monday, July 21st. The stock was sold at an average price of GBX 300, for a total transaction of £56,253. 10.99% of the stock is owned by corporate insiders.

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.