Norcros (LON:NXR) Receives Buy Rating from Shore Capital

Shore Capital restated their buy rating on shares of Norcros (LON:NXR) in a research report report published on Wednesday, Marketbeat Ratings reports.

Several other analysts have also commented on the stock. Numis Securities reissued a buy rating and set a GBX 315 ($3.96) target price on shares of Norcros in a research note on Thursday, April 11th. Berenberg Bank reiterated a buy rating and set a GBX 325 ($4.08) price objective on shares of Norcros in a research report on Thursday, April 11th.

Norcros Price Performance

Shares of LON NXR opened at GBX 191.78 ($2.41) on Wednesday. Norcros has a twelve month low of GBX 134 ($1.68) and a twelve month high of GBX 204 ($2.56). The company has a current ratio of 2.10, a quick ratio of 0.91 and a debt-to-equity ratio of 47.99. The firm has a 50-day moving average of GBX 182.55 and a two-hundred day moving average of GBX 176.43. The company has a market capitalization of £171.83 million, a price-to-earnings ratio of 1,200.00 and a beta of 1.43.

About Norcros

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.