Norcros (LON:NXR) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Norcros plc (LON:NXR) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 272.47 and traded as high as GBX 299. Norcros shares last traded at GBX 287, with a volume of 11,498 shares trading hands.

Analyst Upgrades and Downgrades

NXR has been the subject of a number of analyst reports. Peel Hunt restated a “buy” rating and issued a GBX 340 price target on shares of Norcros in a research report on Thursday, October 16th. Berenberg Bank lifted their price target on Norcros from GBX 350 to GBX 410 and gave the stock a “buy” rating in a report on Monday, October 13th. Finally, Shore Capital reissued a “buy” rating and issued a GBX 630 price objective on shares of Norcros in a report on Thursday, October 16th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 438.75.

Norcros Stock Down 1.0%

The company has a quick ratio of 0.91, a current ratio of 2.00 and a debt-to-equity ratio of 40.60. The business’s fifty day moving average price is GBX 275.54 and its 200 day moving average price is GBX 272.70. The firm has a market capitalization of £257.41 million, a PE ratio of 73.59 and a beta of 1.39.

About Norcros

Norcros is a market leading group of brands providing design led, high quality bathroom and kitchen products with operations primarily in the UK and South Africa.

Based in the UK, Norcros operates under six brands:

· Triton – Market leader in the manufacture and marketing of showers in the UK
· Merlyn – UK and Ireland’s No.1 supplier of shower enclosures and trays to the residential, commercial, and hospitality sectors
· Grant Westfield – Leading manufacturer of high-end waterproof bathroom wall panels
· Vado – Leading manufacturer and supplier of taps, mixer showers, bathroom accessories, and valves
· Croydex – Market-leading, innovative designer, manufacturer, and distributor of high-quality bathroom furnishings and accessories
· Abode – Leading niche designer and distributor of high-quality kitchen taps, bathroom taps, and kitchen sinks

Based in South Africa, Norcros operates under four brands:

· Tile Africa – Chain of retail stores focused on ceramic and porcelain tiles and associated products such as sanitaryware, showers, and adhesives
· Johnson Tiles South Africa – Manufacturer of ceramic and porcelain tiles
· TAL – Leading manufacturer of ceramic and building adhesives in South Africa
· House of Plumbing – Market-leading supplier of specialist plumbing materials

Norcros is headquartered in Wilmslow, Cheshire and employs around 2,100 people.