Norcros (LON:NXR) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Norcros plc (LON:NXR) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 301.53 and traded as high as GBX 360. Norcros shares last traded at GBX 358, with a volume of 9,540 shares traded.

Analysts Set New Price Targets

NXR has been the topic of a number of recent research reports. Shore Capital Group reissued a “buy” rating on shares of Norcros in a research note on Thursday, November 20th. Peel Hunt reiterated a “buy” rating and set a GBX 340 target price on shares of Norcros in a research report on Thursday, November 20th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 460.

Norcros Stock Performance

The stock has a 50 day moving average of GBX 335.56 and a 200 day moving average of GBX 301.53. The company has a market capitalization of £326.48 million, a price-to-earnings ratio of 26.00 and a beta of 1.39. The company has a quick ratio of 0.91, a current ratio of 2.00 and a debt-to-equity ratio of 40.60.

Norcros Company Profile

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.