Norcros (LON:NXR) Rating Reiterated by Shore Capital

Shore Capital restated their buy rating on shares of Norcros (LON:NXR) in a research note issued to investors on Wednesday, MarketBeat reports.

A number of other research analysts have also recently weighed in on the stock. Numis Securities restated a buy rating and issued a GBX 315 ($3.96) price objective on shares of Norcros in a report on Thursday, April 11th. Berenberg Bank restated a buy rating and issued a GBX 325 ($4.08) price target on shares of Norcros in a research note on Thursday, April 11th.

Norcros Stock Performance

LON NXR opened at GBX 193.50 ($2.43) on Wednesday. The company has a debt-to-equity ratio of 47.99, a current ratio of 2.10 and a quick ratio of 0.91. The company has a market cap of £173.38 million, a P/E ratio of 1,209.38 and a beta of 1.43. The stock has a 50-day moving average of GBX 182.96 and a two-hundred day moving average of GBX 177.07. Norcros has a 1-year low of GBX 134 ($1.68) and a 1-year high of GBX 204 ($2.56).

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.