Norcros (LON:NXR) Reaches New 52-Week High at $231.00

Shares of Norcros plc (LON:NXR) reached a new 52-week high during trading on Friday . The company traded as high as GBX 231 ($2.94) and last traded at GBX 228 ($2.90), with a volume of 135116 shares. The stock had previously closed at GBX 221 ($2.81).

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NXR. Shore Capital reaffirmed a “buy” rating on shares of Norcros in a research note on Wednesday, May 1st. Numis Securities reaffirmed a “buy” rating and set a GBX 315 ($4.00) 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 ($4.13) price target on shares of Norcros in a research note on Thursday, April 11th.

Norcros Stock Performance

The company has a market capitalization of £204.29 million, a PE ratio of 1,392.50 and a beta of 1.42. The company has a current ratio of 2.10, a quick ratio of 0.91 and a debt-to-equity ratio of 47.99. The firm’s 50-day simple moving average is GBX 190.97 and its 200-day simple moving average is GBX 183.66.

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.