Deutsche Bank Aktiengesellschaft Reaffirms Buy Rating for Norcros (LON:NXR)

Norcros (LON:NXR)‘s stock had its “buy” rating reaffirmed by equities researchers at Deutsche Bank Aktiengesellschaft in a report released on Friday,Digital Look reports. They presently have a GBX 375 ($4.72) target price on the stock. Deutsche Bank Aktiengesellschaft’s price target would suggest a potential upside of 51.82% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Shore Capital reaffirmed a “buy” rating on shares of Norcros in a research note on Thursday. Berenberg Bank restated a “buy” rating and issued a GBX 325 ($4.09) price target on shares of Norcros in a research report on Thursday.

Norcros Price Performance

NXR remained flat at GBX 247 ($3.11) during midday trading on Friday. The company’s stock had a trading volume of 695,871 shares, compared to its average volume of 143,503. The business has a fifty day moving average price of GBX 252.44 and a 200 day moving average price of GBX 234.03. Norcros has a 52-week low of GBX 161 ($2.03) and a 52-week high of GBX 283 ($3.56). The firm has a market capitalization of £221.04 million, a price-to-earnings ratio of 823.33 and a beta of 1.39. The company has a debt-to-equity ratio of 40.60, a current ratio of 2.02 and a quick ratio of 0.91.

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.