Norcros (LON:NXR) Earns Buy Rating from Numis Securities

Numis Securities reaffirmed their buy rating on shares of Norcros (LON:NXR) in a report released on Thursday, Marketbeat reports. The brokerage currently has a GBX 315 ($3.99) price target on the stock.

NXR has been the topic of several other research reports. Berenberg Bank reiterated a buy rating and issued a GBX 325 ($4.11) target price on shares of Norcros in a research note on Thursday. Shore Capital restated a buy rating on shares of Norcros in a report on Thursday.

Norcros Trading Down 1.7 %

NXR opened at GBX 177 ($2.24) on Thursday. Norcros has a one year low of GBX 134 ($1.70) and a one year high of GBX 204 ($2.58). The company has a debt-to-equity ratio of 47.99, a quick ratio of 0.91 and a current ratio of 2.10. The stock has a market cap of £158.59 million, a price-to-earnings ratio of 1,106.25 and a beta of 1.43. The stock’s 50 day moving average price is GBX 184.16 and its 200-day moving average price is GBX 173.54.

Norcros Company Profile

Norcros plc, together with its subsidiaries, develops, manufactures, and markets 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; shower enclosures and trays to the residential, commercial, and hospitality sectors under the Merlyn brand; taps, mixer showers, bathroom accessories, and valves under the Vado brand; 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.