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

Norcros plc (LON:NXR)’s share price reached a new 52-week high during mid-day trading 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 changing hands. The stock had previously closed at GBX 194 ($2.44).

Analyst Upgrades and Downgrades

Several analysts have commented on NXR shares. Berenberg Bank reiterated a “buy” rating and set a GBX 325 ($4.08) target price on shares of Norcros in a research report on Thursday, April 11th. Shore Capital reaffirmed a “buy” rating on shares of Norcros in a research report on Wednesday, May 1st. Finally, Numis Securities reissued a “buy” rating and issued a GBX 315 ($3.96) price objective on shares of Norcros in a research report on Thursday, April 11th.

Norcros Stock Up 9.3 %

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 firm has a fifty day simple moving average of GBX 183.45 and a 200-day simple moving average of GBX 178.06. The firm has a market cap of £189.95 million, a price-to-earnings ratio of 1,212.50 and a beta of 1.43.

About Norcros

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.