Norcros (LON:NXR) Given House Stock Rating at Shore Capital Group

Shore Capital Group reiterated their house stock rating on shares of Norcros (LON:NXR) in a research note issued to investors on Thursday morning, MarketBeat.com reports.

Norcros Price Performance

LON:NXR opened at GBX 282 on Thursday. The company has a debt-to-equity ratio of 44.20, a current ratio of 1.93 and a quick ratio of 0.91. The firm has a market cap of £253.40 million, a price-to-earnings ratio of 20.14 and a beta of 0.95. The company has a 50 day moving average price of GBX 320.49 and a 200-day moving average price of GBX 310.31. Norcros has a 1-year low of GBX 228.50 and a 1-year high of GBX 374.

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.