Key Points
- Insider purchase: Steve Good bought 20,000 Norcros shares on 20 Nov at an average price of GBX 304, totalling £60,800.
- Analyst sentiment: Four analysts rate the stock a "Buy" with an average price target of GBX 438.75, and Berenberg recently raised its target to GBX 410.
- Financials & valuation: Norcros reported quarterly EPS of GBX 16.30, has a market cap of about £269.1m and a P/E of 76.9, with a 52‑week range of GBX 184.5–320.
Norcros plc (LON:NXR - Get Free Report) insider Steve Good purchased 20,000 shares of the business's stock in a transaction on Thursday, November 20th. The stock was acquired at an average price of GBX 304 per share, with a total value of £60,800.
Norcros Price Performance
NXR stock opened at GBX 300 on Friday. Norcros plc has a 52-week low of GBX 184.50 and a 52-week high of GBX 320. The stock's fifty day simple moving average is GBX 281.19 and its 200-day simple moving average is GBX 275.72. 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 stock has a market capitalization of £269.07 million, a price-to-earnings ratio of 76.92 and a beta of 1.39.
Norcros (LON:NXR - Get Free Report) last released its earnings results 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 research analysts expect that Norcros plc will post 31.3118812 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on NXR shares. Berenberg Bank upped their price objective on shares of Norcros from GBX 350 to GBX 410 and gave the company a "buy" rating in a research note on Monday, October 13th. Peel Hunt restated a "buy" rating and issued a GBX 340 target price on shares of Norcros in a report on Thursday. Finally, Shore Capital reaffirmed a "buy" rating on shares of Norcros in a research report on Thursday. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of GBX 438.75.
Check Out Our Latest Research Report on NXR
Norcros Company Profile
(
Get Free Report)
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.
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