Norcros (NXR) Now Covered by Analysts at Peel Hunt
Analysts at Peel Hunt began coverage on shares of Norcros (LON:NXR) in a note issued to investors on Friday, ThisIsMoney.Co.Uk reports. The brokerage set a “buy” rating and a GBX 260 ($3.40) price target on the stock. Peel Hunt’s price objective indicates a potential upside of 32.32% from the company’s current price.
Separately, Numis Securities reaffirmed a “buy” rating and set a GBX 300 ($3.92) price objective on shares of Norcros in a research report on Wednesday, April 10th.
NXR opened at GBX 196.50 ($2.57) on Friday. Norcros has a twelve month low of GBX 183 ($2.39) and a twelve month high of GBX 234 ($3.06). The company has a debt-to-equity ratio of 61.73, a current ratio of 2.17 and a quick ratio of 1.13. The stock has a market cap of $157.93 million and a P/E ratio of 9.40.
Norcros plc, together with its subsidiaries, engages in the development, manufacture, and marketing of bathroom and kitchen products in the United Kingdom and South Africa. The company manufactures and distributes electric, and mixer showers and accessories under the Triton brand name; taps, mixer showers, bathroom accessories, high end brassware, and valves under the Vado brand name; and accessories and furniture for the bathroom, such as toilet seats, wall-mounted cupboards, vanity units, shower rods, rails, and curtains to retail and trade customers under the Croydex brand name.
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