Norcros (LON:NXR) Given Buy Rating at Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Norcros (LON:NXR) in a report released on Thursday morning, MarketBeat reports. The brokerage currently has a GBX 325 ($4.11) target price on the stock.

Norcros Stock Down 1.7 %

LON NXR opened at GBX 177 ($2.24) on Thursday. The stock has a market capitalization of £158.59 million, a P/E ratio of 1,106.25 and a beta of 1.43. Norcros has a 52 week low of GBX 134 ($1.70) and a 52 week high of GBX 204 ($2.58). The company has a debt-to-equity ratio of 47.99, a quick ratio of 0.91 and a current ratio of 2.10. The stock has a fifty day moving average of GBX 184.16 and a 200-day moving average of GBX 173.54.

About Norcros

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.