Norcros plc (LON:NXR – Get Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 309.20 and traded as high as GBX 311. Norcros shares last traded at GBX 301, with a volume of 294,172 shares traded.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on NXR. Berenberg Bank reissued a “buy” rating and set a GBX 440 price target on shares of Norcros in a report on Thursday, June 11th. Shore Capital Group reaffirmed a “house stock” rating and set a GBX 630 price objective on shares of Norcros in a research note on Tuesday, June 16th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of GBX 470.
Check Out Our Latest Stock Report on Norcros
Norcros Trading Down 0.3%
Norcros (LON:NXR – Get Free Report) last announced its earnings results on Wednesday, June 17th. The company reported GBX 36.30 EPS for the quarter. Norcros had a return on equity of 0.15% and a net margin of 0.08%.The company had revenue of £393.40 million for the quarter. On average, sell-side analysts forecast that Norcros plc will post 31.3118812 EPS for the current fiscal year.
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.
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