Norcros plc (NXR) Earns Buy Rating from Numis Securities Ltd
Norcros plc (LON:NXR)‘s stock had its “buy” rating restated by Numis Securities Ltd in a note issued to investors on Thursday. They currently have a GBX 300 ($3.75) target price on the stock. Numis Securities Ltd’s target price would indicate a potential upside of 103.05% from the company’s previous close.
Norcros plc (LON:NXR) opened at 146.00 on Thursday. The stock has a 50 day moving average price of GBX 145.71 and a 200 day moving average price of GBX 162.70. Norcros plc has a 12-month low of GBX 137.00 and a 12-month high of GBX 208.00. The stock’s market cap is GBX 89.44 billion.
In other Norcros plc news, insider Nick Kelsall sold 163,720 shares of the business’s stock in a transaction dated Tuesday, September 27th. The stock was sold at an average price of GBX 154 ($1.92), for a total transaction of £252,128.80 ($315,003.50).
About Norcros plc
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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