Norcros plc (NXR) Given New GBX 315 Price Target at Canaccord Genuity
Norcros plc (LON:NXR) had its target price upped by equities researchers at Canaccord Genuity from GBX 217 ($2.81) to GBX 315 ($4.08) in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 74.03% from the stock’s current price.
Separately, Numis Securities Ltd reissued a “buy” rating and issued a GBX 300 ($3.89) price target on shares of Norcros plc in a report on Wednesday, April 12th.
Shares of Norcros plc (LON NXR) opened at 181.00 on Thursday. The stock’s market capitalization is GBX 110.88 million. The stock has a 50 day moving average price of GBX 171.87 and a 200-day moving average price of GBX 168.84. Norcros plc has a 52-week low of GBX 137.00 and a 52-week high of GBX 185.53.
The firm also recently declared a dividend, which will be paid on Thursday, August 3rd. Stockholders of record on Thursday, June 22nd will be issued a GBX 4.80 ($0.06) dividend. This is a boost from Norcros plc’s previous dividend of $2.40. This represents a dividend yield of 2.77%. The ex-dividend date of this dividend is Thursday, June 22nd.
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Norcros plc Company Profile
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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