Norcros (LON:NXR) Given “Buy” Rating at Berenberg Bank

Berenberg Bank restated their buy rating on shares of Norcros (LON:NXR) in a research report sent to investors on Thursday, Marketbeat reports. The firm currently has a GBX 325 ($4.11) price target on the stock.

Norcros Stock Down 1.7 %

Norcros stock opened at GBX 177 ($2.24) on Thursday. The business has a fifty day moving average of GBX 184.16 and a two-hundred day moving average of GBX 173.69. The company has a quick ratio of 0.91, a current ratio of 2.10 and a debt-to-equity ratio of 47.99. The firm has a market cap of £158.59 million, a P/E ratio of 1,106.25 and a beta of 1.43. Norcros has a twelve month low of GBX 134 ($1.70) and a twelve month high of GBX 204 ($2.58).

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.