Steve Good Purchases 20,000 Shares of Norcros (LON:NXR) Stock

Norcros plc (LON:NXR) insider Steve Good bought 20,000 shares of the firm’s stock in a transaction dated Thursday, November 20th. The shares were acquired at an average price of GBX 304 per share, for a total transaction of £60,800.

Norcros Price Performance

Shares of Norcros stock traded up GBX 8 during trading on Thursday, reaching GBX 300. The company’s stock had a trading volume of 116,119 shares, compared to its average volume of 159,855. The stock has a 50-day moving average price of GBX 280.29 and a two-hundred day moving average price of GBX 275.55. The company has a current ratio of 2.00, a quick ratio of 0.91 and a debt-to-equity ratio of 40.60. Norcros plc has a one year low of GBX 184.50 and a one year high of GBX 320. The stock has a market capitalization of £269.07 million, a P/E ratio of 76.92 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 net margin of 6.83% and a return on equity of 12.35%. As a group, sell-side analysts anticipate that Norcros plc will post 31.3118812 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on NXR. Berenberg Bank increased their price objective on Norcros from GBX 350 to GBX 410 and gave the company a “buy” rating in a research report on Monday, October 13th. Peel Hunt reaffirmed a “buy” rating and set a GBX 340 price target on shares of Norcros in a research note on Thursday. Finally, Shore Capital reiterated a “buy” rating on shares of Norcros in a research report on Thursday. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Norcros presently has a consensus rating of “Buy” and an average price target of GBX 438.75.

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.