Norcros (LON:NXR) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Norcros plc (LON:NXR) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 308.65 and traded as high as GBX 326. Norcros shares last traded at GBX 325, with a volume of 86,545 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NXR. Berenberg Bank reaffirmed a “buy” rating and set a GBX 440 price target on shares of Norcros in a research note on Wednesday, July 22nd. Shore Capital Group reiterated a “house stock” rating on shares of Norcros in a research report on Wednesday, July 22nd. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of GBX 470.

Norcros Trading Up 1.5%

The stock has a market capitalization of £294.45 million, a P/E ratio of 1,100.00 and a beta of 1.04. The company has a current ratio of 1.92, a quick ratio of 0.91 and a debt-to-equity ratio of 65.07. The stock’s fifty day moving average price is GBX 300.45 and its two-hundred day moving average price is GBX 308.72.

Norcros (LON:NXR) last released its earnings results on Wednesday, June 17th. The company reported GBX 36.30 EPS for the quarter. The company had revenue of £393.40 million for the quarter. Norcros had a net margin of 0.08% and a return on equity of 0.15%. Equities research analysts forecast that Norcros plc will post 31.3118812 EPS for the current year.

Insider Activity

In other news, insider Thomas Willcocks sold 47,618 shares of the firm’s stock in a transaction dated Monday, July 27th. The stock was sold at an average price of GBX 314, for a total transaction of £149,520.52. Company insiders own 35.23% of the company’s stock.

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.