Norcros plc (LON:NXR - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 244.05 ($2.99) and traded as low as GBX 239.20 ($2.93). Norcros shares last traded at GBX 242 ($2.96), with a volume of 234,169 shares changing hands.
Analyst Ratings Changes
Several analysts have commented on the stock. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 325 ($3.98) price objective on shares of Norcros in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 375 ($4.59) price target on shares of Norcros in a report on Friday, November 22nd. Finally, Shore Capital reissued a "buy" rating on shares of Norcros in a report on Thursday, November 21st.
Check Out Our Latest Analysis on NXR
Norcros Price Performance
The firm's 50 day moving average price is GBX 254.97 and its two-hundred day moving average price is GBX 244.18. The company has a debt-to-equity ratio of 40.60, a current ratio of 2.02 and a quick ratio of 0.91. The stock has a market cap of £217.37 million, a PE ratio of 809.67 and a beta of 1.39.
Norcros Cuts Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, January 14th. Investors of record on Thursday, November 28th were paid a GBX 3.50 ($0.04) dividend. The ex-dividend date of this dividend was Thursday, November 28th. This represents a yield of 1.41%. Norcros's dividend payout ratio is 3,333.33%.
Norcros Company Profile
(
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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.
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