Norcros (LON:NXR) Sets New 52-Week High at $212.00

Norcros plc (LON:NXR) reached a new 52-week high on Wednesday . The company traded as high as GBX 212 ($2.66) and last traded at GBX 212 ($2.66), with a volume of 97010 shares traded. The stock had previously closed at GBX 194 ($2.44).

Wall Street Analyst Weigh In

NXR has been the subject of several recent research reports. Shore Capital reiterated a “buy” rating on shares of Norcros in a report on Wednesday, May 1st. Numis Securities reissued a “buy” rating and issued a GBX 315 ($3.96) price target on shares of Norcros in a research note on Thursday, April 11th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 325 ($4.08) price objective on shares of Norcros in a research report on Thursday, April 11th.

Norcros Price Performance

The company has a market cap of £189.95 million, a P/E ratio of 1,212.50 and a beta of 1.43. The company has a debt-to-equity ratio of 47.99, a quick ratio of 0.91 and a current ratio of 2.10. The stock has a 50-day simple moving average of GBX 183.45 and a 200 day simple moving average of GBX 178.06.

Norcros Company Profile

Norcros plc, together with its subsidiaries, develops, manufactures, and markets 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; 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; 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.