Norcros (NXR) Given “Buy” Rating at Canaccord Genuity

Canaccord Genuity reiterated their buy rating on shares of Norcros (LON:NXR) in a research note published on Friday. The brokerage currently has a GBX 360 ($4.70) target price on the stock.

Separately, Numis Securities reissued a buy rating and issued a GBX 300 ($3.92) price objective on shares of Norcros in a research note on Thursday, September 27th.

LON NXR remained flat at $GBX 200 ($2.61) during trading hours on Friday. 48,553 shares of the company were exchanged, compared to its average volume of 55,049. Norcros has a 12-month low of GBX 147 ($1.92) and a 12-month high of GBX 200 ($2.61).

In related news, insider Nick Kelsall sold 100,046 shares of the stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of GBX 212 ($2.77), for a total value of £212,097.52 ($277,142.98).

Norcros Company Profile

Norcros plc, together with its subsidiaries, engages in the development, manufacture, and marketing of 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 name; taps, mixer showers, bathroom accessories, high end brassware, and valves under the Vado brand name; 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 name.

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