Norcros plc (LON:NXR) to Issue Dividend of GBX 3.50

Norcros plc (LON:NXR) announced a dividend on Thursday, November 21st,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, November 28th will be given a dividend of GBX 3.50 ($0.04) per share on Tuesday, January 14th. This represents a yield of 1.41%. The ex-dividend date of this dividend is Thursday, November 28th. The official announcement can be viewed at this link.

Norcros Trading Down 0.4 %

LON:NXR opened at GBX 253 ($3.18) on Wednesday. The firm has a market capitalization of £226.41 million, a PE ratio of 846.67 and a beta of 1.39. Norcros has a 12 month low of GBX 161 ($2.02) and a 12 month high of GBX 283 ($3.56). The business’s 50-day moving average is GBX 253.40 and its two-hundred day moving average is GBX 235.08. The company has a debt-to-equity ratio of 40.60, a current ratio of 2.02 and a quick ratio of 0.91.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NXR. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 375 ($4.71) price objective on shares of Norcros in a research note on Friday, November 22nd. Shore Capital restated a “buy” rating on shares of Norcros in a research report on Thursday, November 21st. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 325 ($4.09) price target on shares of Norcros in a research note on Thursday, November 21st.

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.