Norcros (LON:NXR) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Norcros plc (LON:NXR)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 306.48 and traded as high as GBX 323. Norcros shares last traded at GBX 320, with a volume of 63,590 shares traded.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Peel Hunt reissued a “buy” rating and set a GBX 340 target price on shares of Norcros in a research report on Thursday, November 20th. Shore Capital Group reaffirmed a “buy” rating on shares of Norcros in a research report on Thursday, November 20th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Norcros presently has an average rating of “Buy” and a consensus target price of GBX 460.

Norcros Stock Down 2.3%

The stock’s 50-day moving average price is GBX 339.26 and its two-hundred day moving average price is GBX 306.71. The company has a current ratio of 1.93, a quick ratio of 0.91 and a debt-to-equity ratio of 44.20. The stock has a market capitalization of £271.76 million, a P/E ratio of 21.64 and a beta of 0.95.

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.