Norcros (LON:NXR) Stock Price Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Norcros shares rose above their 200-day moving average, reaching GBX 335 before last trading at GBX 328, compared with the 200-day average of GBX 308.71.
• Analysts remain positive: Berenberg reiterated a “Buy” rating with a GBX 440 target, while the consensus rating is “Buy” with an average target of GBX 470.
• Recent financial indicators were mixed, with quarterly revenue of £393.4 million and EPS of GBX 36.30, while insider Thomas Willcocks sold 47,618 shares for approximately £149,521.

Norcros plc (LON:NXR - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 308.71 and traded as high as GBX 335. Norcros shares last traded at GBX 328, with a volume of 23,807 shares trading hands.

Analyst Upgrades and Downgrades

NXR has been the topic of a number of recent analyst reports. Shore Capital Group reaffirmed a "house stock" rating on shares of Norcros in a report on Wednesday, July 22nd. Berenberg Bank reissued a "buy" rating and issued a GBX 440 target price on shares of Norcros in a report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of GBX 470.

Norcros Stock Performance

The stock's fifty day simple moving average is GBX 303.82 and its 200-day simple moving average is GBX 308.71. The company has a quick ratio of 0.91, a current ratio of 1.92 and a debt-to-equity ratio of 65.07. The company has a market capitalization of £292.95 million, a PE ratio of 1,093.33 and a beta of 1.04.

Norcros (LON:NXR - Get Free Report) last announced its quarterly earnings results on Wednesday, June 17th. The company reported GBX 36.30 EPS for the quarter. Norcros had a return on equity of 0.15% and a net margin of 0.08%.The business had revenue of £393.40 million for the quarter. On average, research analysts predict that Norcros plc will post 31.3118812 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Norcros news, insider Thomas Willcocks sold 47,618 shares of the business's stock in a transaction on Monday, July 27th. The stock was sold at an average price of GBX 314, for a total transaction of £149,520.52. Insiders own 35.31% 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.

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