Norcros (LON:NXR) Shares Cross Above 200-Day Moving Average – Should You Sell?

Norcros plc (LON:NXR) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 301.53 and traded as high as GBX 360. Norcros shares last traded at GBX 358, with a volume of 9,540 shares trading hands.

Analyst Ratings Changes

A number of brokerages have issued reports on NXR. Shore Capital Group reiterated a “buy” rating on shares of Norcros in a research note on Thursday, November 20th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 340 price objective on shares of Norcros in a research note on Thursday, November 20th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 460.

Norcros Price Performance

The company has a debt-to-equity ratio of 40.60, a quick ratio of 0.91 and a current ratio of 2.00. The company has a market capitalization of £320.20 million, a P/E ratio of 25.50 and a beta of 1.39. The firm’s fifty day moving average is GBX 336.60 and its 200 day moving average is GBX 302.03.

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.