Norcros plc (NXR) Stock Rating Reaffirmed by Numis Securities Ltd
Norcros plc (LON:NXR)‘s stock had its “buy” rating restated by analysts at Numis Securities Ltd in a note issued to investors on Tuesday. They presently have a GBX 300 ($3.71) price objective on the stock. Numis Securities Ltd’s target price indicates a potential upside of 104.43% from the stock’s current price.
Shares of Norcros plc (LON:NXR) opened at 146.00 on Tuesday. Norcros plc has a 52-week low of GBX 142.00 and a 52-week high of GBX 210.00. The company’s 50 day moving average price is GBX 158.24 and its 200 day moving average price is GBX 168.31. The stock’s market capitalization is GBX 89.05 million.
In related news, insider Nick Kelsall sold 163,720 shares of the business’s stock in a transaction on Tuesday, September 27th. The stock was sold at an average price of GBX 154 ($1.91), for a total transaction of £252,128.80 ($312,040.59). Also, insider Smith,Shaun M acquired 20,000 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The shares were acquired at an average price of GBX 157 ($1.94) per share, with a total value of £31,400 ($38,861.39).
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About Norcros plc
Norcros Plc is a holding company for the Norcros Group. The Company’s principal activities include development, manufacture and marketing of home consumer products in the United Kingdom and South Africa. The Company’s segments include UK and South Africa. The Company has six United Kingdom businesses, including Triton Showers, Vado, Croydex, Abode, Johnson Tiles and Norcros Adhesives, and three businesses in South Africa, including Johnson Tiles South Africa, TAL and Tile Africa.
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