Shore Capital Reaffirms Buy Rating for Norcros (LON:NXR)

Norcros (LON:NXR - Get Free Report)'s stock had its "buy" rating reissued by investment analysts at Shore Capital in a research note issued on Thursday, Marketbeat.com reports.

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 350 ($4.61) price target on shares of Norcros in a research note on Thursday, April 10th.

Norcros Price Performance

Shares of LON:NXR remained flat at GBX 227 ($2.99) during trading on Thursday. The stock had a trading volume of 46,371 shares, compared to its average volume of 155,416. Norcros has a one year low of GBX 167.50 ($2.21) and a one year high of GBX 283 ($3.73). The stock has a market capitalization of £203.00 million, a price-to-earnings ratio of 7.54 and a beta of 1.39. The stock has a fifty day moving average price of GBX 221.14 and a two-hundred day moving average price of GBX 241.21. The company has a debt-to-equity ratio of 40.60, a quick ratio of 0.91 and a current ratio of 2.00.

Insiders Place Their Bets

In related news, insider Stefan Allanson purchased 10,158 shares of Norcros stock in a transaction that occurred on Wednesday, February 5th. The stock was bought at an average price of GBX 235 ($3.10) per share, for a total transaction of £23,871.30 ($31,475.87). Insiders own 10.99% of the company's stock.

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.