Shares of Norcros plc (LON:NXR – Get Rating) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 195.33 ($2.35) and traded as high as GBX 197 ($2.37). Norcros shares last traded at GBX 191 ($2.30), with a volume of 83,418 shares traded.
Analysts Set New Price Targets
Separately, Numis Securities reiterated a “buy” rating and set a GBX 365 ($4.39) price objective on shares of Norcros in a research note on Tuesday, February 14th.
Norcros Trading Down 2.1 %
The stock has a market cap of £170.51 million, a price-to-earnings ratio of 682.14 and a beta of 1.28. The firm’s 50 day moving average is GBX 204.92 and its two-hundred day moving average is GBX 195.33. The company has a quick ratio of 0.91, a current ratio of 1.88 and a debt-to-equity ratio of 53.80.
Norcros Company Profile
Norcros plc, together with its subsidiaries, designs, manufactures, and distributes 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 name; 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 name; 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 name.
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