Shore Capital Reaffirms “Buy” Rating for Norcros (LON:NXR)

Norcros (LON:NXR)‘s stock had its “buy” rating reissued by equities researchers at Shore Capital in a research note issued on Wednesday, Price Targets.com reports.

Shares of LON:NXR traded up GBX 9 ($0.12) on Wednesday, hitting GBX 315 ($4.12). The company’s stock had a trading volume of 5,949 shares, compared to its average volume of 107,508. Norcros has a 12 month low of GBX 135.49 ($1.77) and a 12 month high of GBX 345 ($4.51). The firm has a market capitalization of £254.83 million and a P/E ratio of 16.94. The company’s 50-day moving average price is GBX 308.99. The company has a quick ratio of 0.87, a current ratio of 1.64 and a debt-to-equity ratio of 28.30.

About Norcros

Norcros plc, together with its subsidiaries, designs, manufactures, and distributes 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; shower enclosures and trays to the residential, commercial, and hospitality sectors under the Merlyn brand; 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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