Norcros (LON:NXR) Receives “Buy” Rating from Shore Capital

Shore Capital restated their buy rating on shares of Norcros (LON:NXR) in a report published on Thursday morning, MarketBeat Ratings reports.

Separately, Berenberg Bank restated a buy rating and set a GBX 325 ($4.11) price target on shares of Norcros in a research note on Thursday.

Norcros Stock Down 1.7 %

Shares of NXR opened at GBX 177 ($2.24) on Thursday. The stock has a market cap of £158.59 million, a price-to-earnings ratio of 1,106.25 and a beta of 1.43. The company has a quick ratio of 0.91, a current ratio of 2.10 and a debt-to-equity ratio of 47.99. Norcros has a 12 month low of GBX 134 ($1.70) and a 12 month high of GBX 204 ($2.58). The company has a 50-day moving average price of GBX 184.16 and a two-hundred day moving average price of GBX 173.69.

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.