Norcros (LON:NXR) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Norcros plc (LON:NXR)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 308.71 and traded as high as GBX 335. Norcros shares last traded at GBX 328, with a volume of 23,807 shares traded.

Analysts Set New Price Targets

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

Norcros Stock Down 0.2%

The company has a quick ratio of 0.91, a current ratio of 1.92 and a debt-to-equity ratio of 65.07. The company has a 50 day simple moving average of GBX 304.56 and a two-hundred day simple moving average of GBX 308.60. The company has a market capitalization of £289.82 million, a P/E ratio of 1,081.67 and a beta of 1.05.

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

Insider Activity

In related news, insider Thomas Willcocks sold 47,618 shares of Norcros stock in a transaction dated Monday, July 27th. The shares were sold at an average price of GBX 314, for a total transaction of £149,520.52. Company insiders own 35.31% of the company’s stock.

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.