Shore Capital Reiterates Buy Rating for Norcros (LON:NXR)

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

Other equities analysts have also recently issued reports about the stock. Numis Securities reaffirmed a buy rating and set a GBX 315 ($3.96) price target on shares of Norcros in a research note on Thursday, April 11th. Berenberg Bank reissued a buy rating and issued a GBX 325 ($4.08) target price on shares of Norcros in a research note on Thursday, April 11th.

Norcros Price Performance

Shares of NXR opened at GBX 191.78 ($2.41) on Wednesday. The stock has a market capitalization of £171.83 million, a P/E ratio of 1,200.00 and a beta of 1.43. 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 50 day moving average of GBX 182.55 and a 200-day moving average of GBX 176.43. The company has a quick ratio of 0.91, a current ratio of 2.10 and a debt-to-equity ratio of 47.99.

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.