Norcros’ (NXR) House Stock Rating Reiterated at Shore Capital Group

Shore Capital Group reiterated their house stock rating on shares of Norcros (LON:NXR) in a report issued on Wednesday,Digital Look reports.

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 440 price objective on shares of Norcros in a research note on Wednesday. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Norcros presently has a consensus rating of “Buy” and a consensus target price of GBX 470.

Norcros Stock Performance

Shares of NXR stock opened at GBX 314 on Wednesday. The stock has a market cap of £280.18 million, a P/E ratio of 1,046.67 and a beta of 1.04. Norcros has a 1 year low of GBX 252 and a 1 year high of GBX 374. The company has a current ratio of 1.92, a quick ratio of 0.91 and a debt-to-equity ratio of 65.07. The stock has a 50 day simple moving average of GBX 294.83 and a 200 day simple moving average of GBX 308.87.

Norcros (LON:NXR) last posted its quarterly earnings data on Wednesday, June 17th. The company reported GBX 36.30 EPS for the quarter. The firm had revenue of £393.40 million for the quarter. Norcros had a return on equity of 0.15% and a net margin of 0.08%. On average, research analysts predict that Norcros will post 31.3118812 earnings per share for the current fiscal year.

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.