Norcros (LON:NXR) Given Buy Rating at Numis Securities

Norcros (LON:NXR)‘s stock had its “buy” rating reissued by Numis Securities in a report released on Thursday, Digital Look reports. They currently have a GBX 315 ($3.99) target price on the stock. Numis Securities’ price target suggests a potential upside of 75.98% from the company’s current price.

A number of other research analysts also recently weighed in on the company. Shore Capital reiterated a “buy” rating on shares of Norcros in a report on Thursday. Berenberg Bank reissued a “buy” rating and set a GBX 325 ($4.11) price objective on shares of Norcros in a research report on Thursday.

Norcros Stock Performance

Shares of NXR stock opened at GBX 179 ($2.27) on Thursday. Norcros has a 1-year low of GBX 134 ($1.70) and a 1-year high of GBX 204 ($2.58). The company has a current ratio of 2.10, a quick ratio of 0.91 and a debt-to-equity ratio of 47.99. The company has a market capitalization of £160.38 million, a price-to-earnings ratio of 1,118.75 and a beta of 1.43. The stock’s fifty day simple moving average is GBX 184.89 and its 200-day simple moving average is GBX 173.07.

Norcros Company Profile

Norcros plc, together with its subsidiaries, develops, manufactures, and markets bathroom and kitchen products in the United Kingdom and South Africa. The company manufactures and distributes electric and mixer showers, and accessories under the Triton brand; shower enclosures and trays to the residential, commercial, and hospitality sectors under the Merlyn brand; taps, mixer showers, bathroom accessories, and valves under the Vado brand; and accessories and furniture for the bathroom, such as toilet seats, wall-mounted cupboards, vanity units, shower rods, rails, and curtains to retail and trade customers under the Croydex brand.