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

Shares of Norcros plc (LON:NXR) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 306.48 and traded as high as GBX 323. Norcros shares last traded at GBX 320, with a volume of 63,590 shares traded.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Peel Hunt reiterated a “buy” rating and issued a GBX 340 price target on shares of Norcros in a report on Thursday, November 20th. Shore Capital Group restated a “buy” rating on shares of Norcros in a report on Thursday, November 20th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 460.

Norcros Stock Up 0.6%

The company has a current ratio of 1.93, a quick ratio of 0.91 and a debt-to-equity ratio of 44.20. The firm has a market capitalization of £287.01 million, a price-to-earnings ratio of 22.86 and a beta of 0.95. The firm has a 50 day moving average price of GBX 339.64 and a two-hundred day moving average price of GBX 306.48.

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.