Norcros plc (NXR) Given Buy Rating at Numis Securities Ltd
Numis Securities Ltd reaffirmed their buy rating on shares of Norcros plc (LON:NXR) in a research report report published on Tuesday. Numis Securities Ltd currently has a GBX 300 ($3.71) target price on the stock.
Shares of Norcros plc (LON:NXR) traded up 0.85% during trading on Tuesday, reaching GBX 144.72. 34,952 shares of the company’s stock were exchanged. The company has a 50 day moving average price of GBX 157.84 and a 200-day moving average price of GBX 168.16. Norcros plc has a 52-week low of GBX 142.00 and a 52-week high of GBX 208.00. The company’s market capitalization is GBX 88.27 million.
In related news, insider Smith,Shaun M bought 20,000 shares of Norcros plc stock in a transaction dated Friday, July 15th. The shares were bought at an average cost of GBX 157 ($1.94) per share, for a total transaction of £31,400 ($38,861.39). Also, insider Nick Kelsall sold 163,720 shares of the company’s stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of GBX 154 ($1.91), for a total transaction of £252,128.80 ($312,040.59).
Norcros plc Company Profile
Norcros Plc is a holding company for the Norcros Group. The Company’s principal activities include development, manufacture and marketing of home consumer products in the United Kingdom and South Africa. The Company’s segments include UK and South Africa. The Company has six United Kingdom businesses, including Triton Showers, Vado, Croydex, Abode, Johnson Tiles and Norcros Adhesives, and three businesses in South Africa, including Johnson Tiles South Africa, TAL and Tile Africa.
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