Norcros plc (NXR) Rating Reiterated by Numis Securities Ltd
Norcros plc (LON:NXR)‘s stock had its “buy” rating reaffirmed by equities research analysts at Numis Securities Ltd in a research report issued on Tuesday. They currently have a GBX 300 ($3.71) price objective on the stock. Numis Securities Ltd’s price objective points to a potential upside of 108.33% from the company’s current price.
Shares of Norcros plc (LON:NXR) opened at 144.4402 on Tuesday. The company’s 50 day moving average price is GBX 157.04 and its 200-day moving average price is GBX 168.00. The company’s market capitalization is GBX 88.10 million. Norcros plc has a 1-year low of GBX 143.00 and a 1-year high of GBX 208.00.
In other news, insider Smith,Shaun M purchased 20,000 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were purchased at an average cost of GBX 157 ($1.94) per share, for a total transaction of £31,400 ($38,861.39). Also, insider Nick Kelsall sold 163,720 shares of the firm’s stock in a transaction on Tuesday, September 27th. The stock was sold at an average price of GBX 154 ($1.91), for a total value of £252,128.80 ($312,040.59).
Norcros plc 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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