Norcros (NXR) Reaches New 1-Year High at $202.00

Shares of Norcros plc (LON:NXR) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 202 ($2.79) and last traded at GBX 195.50 ($2.70), with a volume of 14825 shares trading hands. The stock had previously closed at GBX 195.50 ($2.70).

Several analysts have commented on the company. Numis Securities restated a “buy” rating and issued a GBX 300 ($4.14) price target on shares of Norcros in a report on Tuesday, December 12th. Canaccord Genuity boosted their target price on Norcros from GBX 315 ($4.35) to GBX 335 ($4.63) and gave the stock a “buy” rating in a report on Monday, November 27th.

The company has a market capitalization of $155.90 and a price-to-earnings ratio of 1,658.33.

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Norcros Company Profile

Norcros Plc is a holding company for the Norcros Group. The Company’s principal activities include development, manufacture and marketing of home consumer products in the United Kingdom and South Africa. The Company’s segments include UK and South Africa. The Company has six United Kingdom businesses, including Triton Showers, Vado, Croydex, Abode, Johnson Tiles and Norcros Adhesives, and three businesses in South Africa, including Johnson Tiles South Africa, TAL and Tile Africa.

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