Norcros (LON:NXR) Insider Thomas Willcocks Sells 47,618 Shares of Stock

Norcros plc (LON:NXR) insider Thomas Willcocks sold 47,618 shares of the stock in a transaction on Monday, July 27th. The stock was sold at an average price of GBX 314, for a total transaction of £149,520.52.

Norcros Stock Up 0.3%

Shares of NXR opened at GBX 315 on Tuesday. The business’s 50 day moving average is GBX 295.45 and its 200 day moving average is GBX 308.69. The company has a current ratio of 1.92, a quick ratio of 0.91 and a debt-to-equity ratio of 65.07. Norcros plc has a 12-month low of GBX 252 and a 12-month high of GBX 374. The company has a market capitalization of £281.07 million, a PE ratio of 1,050.00 and a beta of 1.04.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NXR shares. Berenberg Bank reissued a “buy” rating and set a GBX 440 price objective on shares of Norcros in a research note on Wednesday, July 22nd. Shore Capital Group reaffirmed a “house stock” rating on shares of Norcros in a research note on Wednesday, July 22nd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Norcros presently has a consensus rating of “Buy” and an average price target of GBX 470.

Norcros Company Profile

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.