Norcros (LON:NXR) Given Buy Rating at Shore Capital

Shore Capital reaffirmed their buy rating on shares of Norcros (LON:NXR) in a research report report published on Thursday morning, MarketBeat Ratings reports.

Several other equities analysts have also weighed in on the stock. Berenberg Bank reiterated a buy rating and issued a GBX 325 ($4.14) target price on shares of Norcros in a report on Thursday, April 11th. Numis Securities reaffirmed a buy rating and set a GBX 315 ($4.01) target price on shares of Norcros in a research note on Thursday, April 11th.

Norcros Price Performance

NXR stock opened at GBX 206 ($2.62) on Thursday. The stock has a market capitalization of £184.58 million, a P/E ratio of 1,287.50 and a beta of 1.42. The firm has a 50-day simple moving average of GBX 200.56 and a 200-day simple moving average of GBX 190.07. The company has a quick ratio of 0.91, a current ratio of 2.10 and a debt-to-equity ratio of 47.99. Norcros has a 52 week low of GBX 134 ($1.71) and a 52 week high of GBX 236 ($3.01).

Norcros Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, August 2nd. Stockholders of record on Thursday, June 27th will be issued a GBX 6.80 ($0.09) dividend. This is a boost from Norcros’s previous dividend of $3.40. The ex-dividend date of this dividend is Thursday, June 27th. This represents a dividend yield of 3.29%. Norcros’s dividend payout ratio is presently 6,250.00%.

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.