Norcros (LON:NXR) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Norcros plc (LON:NXR)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 308.17 and traded as high as GBX 326. Norcros shares last traded at GBX 326, with a volume of 229,052 shares.

Analyst Ratings Changes

A number of equities analysts recently commented on NXR shares. Shore Capital Group reaffirmed a “house stock” rating on shares of Norcros in a research note on Wednesday, July 22nd. Berenberg Bank reissued a “buy” rating and issued a GBX 440 price objective on shares of Norcros in a research report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 470.

Norcros Trading Down 0.6%

The stock has a fifty day moving average of GBX 311.69 and a 200-day moving average of GBX 308.28. The company has a market cap of £289.37 million, a PE ratio of 1,080.00 and a beta of 1.05. The company has a debt-to-equity ratio of 65.07, a quick ratio of 0.91 and a current ratio of 1.92.

Norcros (LON:NXR) last released its earnings results on Wednesday, June 17th. The company reported GBX 36.30 earnings per share for the quarter. Norcros had a return on equity of 0.15% and a net margin of 0.08%.The business had revenue of £393.40 million for the quarter. Sell-side analysts anticipate that Norcros plc will post 31.3118812 EPS for the current fiscal year.

Insider Activity at Norcros

In related news, insider Thomas Willcocks sold 47,618 shares of the firm’s stock in a transaction dated Monday, July 27th. The shares were sold at an average price of GBX 314, for a total value of £149,520.52. Insiders own 35.31% of the company’s stock.

Norcros Company Profile

Norcros is a market leading group of brands providing design led, high quality bathroom and kitchen products with operations primarily in the UK and South Africa.

Based in the UK, Norcros operates under six brands:

· Triton – Market leader in the manufacture and marketing of showers in the UK
· Merlyn – UK and Ireland’s No.1 supplier of shower enclosures and trays to the residential, commercial, and hospitality sectors
· Grant Westfield – Leading manufacturer of high-end waterproof bathroom wall panels
· Vado – Leading manufacturer and supplier of taps, mixer showers, bathroom accessories, and valves
· Croydex – Market-leading, innovative designer, manufacturer, and distributor of high-quality bathroom furnishings and accessories
· Abode – Leading niche designer and distributor of high-quality kitchen taps, bathroom taps, and kitchen sinks

Based in South Africa, Norcros operates under four brands:

· Tile Africa – Chain of retail stores focused on ceramic and porcelain tiles and associated products such as sanitaryware, showers, and adhesives
· Johnson Tiles South Africa – Manufacturer of ceramic and porcelain tiles
· TAL – Leading manufacturer of ceramic and building adhesives in South Africa
· House of Plumbing – Market-leading supplier of specialist plumbing materials

Norcros is headquartered in Wilmslow, Cheshire and employs around 2,100 people.