Norcros (LON:NXR) Rating Reiterated by Peel Hunt
Norcros (LON:NXR)‘s stock had its “buy” rating restated by analysts at Peel Hunt in a research report issued to clients and investors on Tuesday, ThisIsMoney.Co.Uk reports.
Separately, Numis Securities restated an “add” rating and set a GBX 530 ($6.93) target price on shares of in a research report on Wednesday, June 12th.
Norcros stock traded up GBX 1 ($0.01) during midday trading on Tuesday, hitting GBX 224 ($2.93). 41,792 shares of the company’s stock were exchanged, compared to its average volume of 55,049. Norcros has a 52-week low of GBX 183 ($2.39) and a 52-week high of GBX 233 ($3.04). The stock’s 50-day moving average price is GBX 208.55. The company has a debt-to-equity ratio of 49.48, a quick ratio of 1.02 and a current ratio of 1.99. The firm has a market capitalization of $179.23 million and a P/E ratio of 9.37.
Norcros plc, together with its subsidiaries, engages in the development, manufacture, and marketing of bathroom and kitchen products in the United Kingdom and South Africa. The company manufactures and distributes electric, and mixer showers and accessories under the Triton brand name; taps, mixer showers, bathroom accessories, high end brassware, and valves under the Vado brand name; and accessories and furniture for the bathroom, such as toilet seats, wall-mounted cupboards, vanity units, shower rods, rails, and curtains to retail and trade customers under the Croydex brand name.
Further Reading: Trading based on a resistance level
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