Norcros (LON:NXR) Reaches New 52-Week High – What’s Next?

Shares of Norcros plc (LON:NXR) hit a new 52-week high during trading on Monday . The company traded as high as GBX 315.40 and last traded at GBX 312, with a volume of 73219 shares trading hands. The stock had previously closed at GBX 306.

Wall Street Analyst Weigh In

Several research firms have issued reports on NXR. Berenberg Bank lifted their price objective on Norcros from GBX 350 to GBX 410 and gave the stock a “buy” rating in a report on Monday, October 13th. Peel Hunt reissued a “buy” rating and set a GBX 340 price target on shares of Norcros in a research report on Thursday, November 20th. Finally, Shore Capital reaffirmed a “buy” rating on shares of Norcros in a report on Thursday, November 20th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 460.

Norcros Trading Down 1.0%

The company has a quick ratio of 0.91, a current ratio of 2.00 and a debt-to-equity ratio of 40.60. The firm’s 50 day moving average is GBX 284.73 and its two-hundred day moving average is GBX 277.16. The stock has a market cap of £266.38 million, a price-to-earnings ratio of 76.15 and a beta of 1.39.

Norcros (LON:NXR) last issued its quarterly earnings data on Thursday, November 20th. The company reported GBX 16.30 EPS for the quarter. Norcros had a return on equity of 12.35% and a net margin of 6.83%. Equities analysts anticipate that Norcros plc will post 31.3118812 EPS for the current year.

Insider Buying and Selling at Norcros

In related news, insider Steve Good purchased 20,000 shares of Norcros stock in a transaction dated Thursday, November 20th. The stock was bought at an average cost of GBX 304 per share, with a total value of £60,800. 35.35% of the stock is currently owned by corporate insiders.

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.