Norcros (LON:NXR) Insider Sells £149,520.52 in Stock

Norcros plc (LON:NXR) insider Thomas Willcocks sold 47,618 shares of Norcros stock in a transaction that occurred on Monday, July 27th. The stock was sold at an average price of GBX 314, for a total transaction of £149,520.52.

Norcros Stock Performance

NXR opened at GBX 317 on Thursday. Norcros plc has a fifty-two week low of GBX 252 and a fifty-two week high of GBX 374. The company has a debt-to-equity ratio of 65.07, a current ratio of 1.92 and a quick ratio of 0.91. The firm has a market capitalization of £282.85 million, a price-to-earnings ratio of 1,056.67 and a beta of 1.04. The company’s 50 day moving average price is GBX 296.59 and its two-hundred day moving average price is GBX 308.63.

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on NXR shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 440 target price on shares of Norcros in a research report on Wednesday, July 22nd. Shore Capital Group reiterated a “house stock” rating on shares of Norcros in a research report on Wednesday, July 22nd. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of GBX 470.

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.