Norcros' (NXR) "Buy" Rating Reaffirmed at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Norcros (LON:NXR - Free Report) in a report released on Tuesday morning, Marketbeat reports.

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 350 ($4.70) target price on shares of Norcros in a research note on Thursday, April 10th.

Norcros Stock Down 0.7%

Shares of Norcros stock traded down GBX 2 ($0.03) on Tuesday, reaching GBX 300 ($4.03). The stock had a trading volume of 109,112 shares, compared to its average volume of 203,146. The company has a 50 day moving average price of GBX 268.73 and a 200 day moving average price of GBX 244.38. 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 has a 1 year low of GBX 184.50 ($2.48) and a 1 year high of GBX 304 ($4.08). The stock has a market capitalization of £268.28 million, a P/E ratio of 9.96 and a beta of 1.39.

Norcros (LON:NXR - Get Free Report) last issued its quarterly earnings data on Thursday, June 12th. The company reported GBX 32.60 ($0.44) earnings per share (EPS) for the quarter. Norcros had a net margin of 6.83% and a return on equity of 12.35%. As a group, equities research analysts forecast that Norcros will post 31.3118812 EPS for the current year.

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.