Norcros (LON:NXR) Stock Rating Reaffirmed by Shore Capital

Norcros (LON:NXR)‘s stock had its “buy” rating restated by equities research analysts at Shore Capital in a note issued to investors on Thursday, MarketBeat reports.

Other equities research analysts have also recently issued reports about the company. Numis Securities reissued a “buy” rating and issued a GBX 315 ($4.01) target price on shares of Norcros in a research note on Thursday, April 11th. Berenberg Bank reissued a “buy” rating and issued a GBX 325 ($4.14) target price on shares of Norcros in a research note on Thursday, April 11th.

Norcros Price Performance

LON NXR opened at GBX 206 ($2.62) on Thursday. The stock has a fifty day moving average of GBX 200.56 and a 200-day moving average of GBX 189.74. The stock has a market capitalization of £184.58 million, a P/E ratio of 1,287.50 and a beta of 1.42. Norcros has a 52 week low of GBX 134 ($1.71) and a 52 week high of GBX 236 ($3.01). The company has a debt-to-equity ratio of 47.99, a quick ratio of 0.91 and a current ratio of 2.10.

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.