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

Shore Capital Group reaffirmed their house stock rating on shares of Norcros (LON:NXR) in a research report report published on Wednesday,Digital Look reports.

Separately, Berenberg Bank restated a “buy” rating and issued a GBX 440 price objective on shares of Norcros in a research note on Wednesday. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 470.

Norcros Stock Performance

Shares of Norcros stock opened at GBX 314 on Wednesday. The firm has a market capitalization of £280.18 million, a P/E ratio of 1,046.67 and a beta of 1.04. Norcros has a 52 week low of GBX 252 and a 52 week high of GBX 374. The company has a quick ratio of 0.91, a current ratio of 1.92 and a debt-to-equity ratio of 65.07. The firm’s 50 day moving average is GBX 293.72 and its two-hundred day moving average is GBX 308.89.

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

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.