Norcros plc (LON:NXR - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 240.97 ($3.21) and traded as high as GBX 245 ($3.26). Norcros shares last traded at GBX 240 ($3.20), with a volume of 14,866 shares trading hands.
Analysts Set New Price Targets
A number of research analysts recently issued reports on NXR shares. Berenberg Bank reiterated a "buy" rating and issued a GBX 350 ($4.66) 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 report on Thursday, April 10th.
Get Our Latest Stock Report on NXR
Norcros Stock Performance
The company has a quick ratio of 0.91, a current ratio of 2.00 and a debt-to-equity ratio of 40.60. The stock has a fifty day moving average price of GBX 223.74 and a 200-day moving average price of GBX 240.98. The firm has a market cap of £217.31 million, a price-to-earnings ratio of 8.07 and a beta of 1.39.
Insiders Place Their Bets
In related news, insider Stefan Allanson bought 10,158 shares of Norcros stock in a transaction that occurred on Wednesday, February 5th. The shares were purchased at an average price of GBX 235 ($3.13) per share, with a total value of £23,871.30 ($31,807.20). 10.99% of the stock is currently owned by company insiders.
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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