Norcros (LON:NXR) Given “House Stock” Rating at Shore Capital Group

Norcros (LON:NXR)‘s stock had its “house stock” rating restated by analysts at Shore Capital Group in a report released on Tuesday,Digital Look reports. They currently have a GBX 630 target price on the stock. Shore Capital Group’s price target suggests a potential upside of 112.84% from the stock’s previous close.

Norcros Price Performance

Shares of NXR opened at GBX 296 on Tuesday. Norcros has a twelve month low of GBX 240 and a twelve month high of GBX 374. The firm’s fifty day simple moving average is GBX 298.45 and its 200-day simple moving average is GBX 311.35. The firm has a market capitalization of £266.07 million, a price-to-earnings ratio of 21.14 and a beta of 1.07. The company has a current ratio of 1.93, a quick ratio of 0.91 and a debt-to-equity ratio of 44.20.

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.