Shares of Norcros plc (LON:NXR – Get Free Report) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 239 ($3.06) and last traded at GBX 235 ($3.01), with a volume of 19465 shares traded. The stock had previously closed at GBX 231 ($2.96).
Wall Street Analyst Weigh In
A number of analysts recently commented on the stock. Numis Securities reiterated a “buy” rating and issued a GBX 315 ($4.03) target price on shares of Norcros in a research note on Thursday, April 11th. Shore Capital reissued a “buy” rating on shares of Norcros in a report on Thursday, June 13th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 325 ($4.16) target price on shares of Norcros in a research note on Thursday, April 11th.
Norcros Stock Performance
Norcros Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, June 27th will be issued a GBX 6.80 ($0.09) dividend. This is a positive change from Norcros’s previous dividend of $3.40. This represents a yield of 3.29%. The ex-dividend date of this dividend is Thursday, June 27th. Norcros’s payout ratio is 6,250.00%.
Insider Activity at Norcros
In other Norcros news, insider Stefan Allanson purchased 11,305 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were bought at an average cost of GBX 210 ($2.69) per share, for a total transaction of £23,740.50 ($30,409.25). 10.60% of the stock is owned by insiders.
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.
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