Norcros plc (LON:NXR - Get Free Report)'s share price hit a new 52-week high on Wednesday . The stock traded as high as GBX 239 ($3.06) and last traded at GBX 235 ($3.01), with a volume of 19465 shares. The stock had previously closed at GBX 231 ($2.96).
Wall Street Analysts Forecast Growth
NXR has been the subject of several analyst reports. Berenberg Bank reaffirmed a "buy" rating and set a GBX 325 ($4.16) target price on shares of Norcros in a research report on Thursday, April 11th. Shore Capital reaffirmed a "buy" rating on shares of Norcros in a research note on Thursday, June 13th. Finally, Numis Securities reissued a "buy" rating and set a GBX 315 ($4.03) target price on shares of Norcros in a research report on Thursday, April 11th.
Get Our Latest Stock Analysis on NXR
Norcros Stock Performance
The stock has a market capitalization of £210.56 million, a P/E ratio of 1,468.75 and a beta of 1.42. The company has a current ratio of 2.10, a quick ratio of 0.91 and a debt-to-equity ratio of 47.99. The company has a 50-day moving average price of GBX 217.01 and a two-hundred day moving average price of GBX 196.32.
Norcros Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, June 27th will be issued a GBX 6.80 ($0.09) dividend. This is an increase from Norcros's previous dividend of $3.40. This represents a yield of 3.29%. The ex-dividend date of this dividend is Thursday, June 27th. Norcros's payout ratio is presently 6,250.00%.
Insider Buying and Selling at Norcros
In related news, insider Stefan Allanson acquired 11,305 shares of Norcros stock in a transaction dated Tuesday, June 18th. The stock was bought at an average price of GBX 210 ($2.69) per share, with a total value of £23,740.50 ($30,409.25). Insiders own 10.60% of the company's stock.
Norcros Company Profile
(
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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.
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