Norcros plc (LON:NXR - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 306.70 and traded as high as GBX 329. Norcros shares last traded at GBX 325, with a volume of 23,487 shares trading hands.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on the stock. Berenberg Bank reaffirmed a "buy" rating and set a GBX 440 price target on shares of Norcros in a research note on Wednesday, July 22nd. Shore Capital Group reissued a "house stock" rating on shares of Norcros in a research report on Wednesday, July 22nd. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of GBX 470.
View Our Latest Stock Analysis on NXR
Norcros Stock Down 0.3%
The firm has a fifty day moving average price of GBX 314.77 and a 200-day moving average price of GBX 306.70. 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 firm has a market cap of £290.27 million, a price-to-earnings ratio of 1,083.33 and a beta of 1.05.
Norcros (LON:NXR - Get Free Report) last released its earnings results on Wednesday, June 17th. The company reported GBX 36.30 EPS for the quarter. The firm had revenue of £393.40 million during the quarter. Norcros had a return on equity of 0.15% and a net margin of 0.08%. As a group, sell-side analysts forecast that Norcros plc will post 31.3118812 EPS for the current year.
Insider Buying and Selling
In other Norcros news, insider Thomas Willcocks sold 47,618 shares of Norcros stock in a transaction dated Monday, July 27th. The stock was sold at an average price of GBX 314, for a total value of £149,520.52. 35.31% of the stock is owned by company insiders.
Norcros Company Profile
(
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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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