Norcros (NXR) Earns “Buy” Rating from Numis Securities

Norcros (LON:NXR)‘s stock had its “buy” rating reiterated by equities researchers at Numis Securities in a report issued on Tuesday. They currently have a GBX 300 ($4.04) price target on the stock. Numis Securities’ price objective would suggest a potential upside of 66.67% from the company’s current price.

Separately, Canaccord Genuity lifted their target price on Norcros from GBX 315 ($4.24) to GBX 335 ($4.51) and gave the stock a “buy” rating in a research report on Monday, November 27th.

Shares of Norcros (NXR) traded down GBX 1.62 ($0.02) during midday trading on Tuesday, reaching GBX 180 ($2.42). The company’s stock had a trading volume of 15,961 shares, compared to its average volume of 155,230. Norcros has a 12 month low of GBX 147 ($1.98) and a 12 month high of GBX 189.50 ($2.55).

In related news, insider Nick Kelsall sold 19,352 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of GBX 176 ($2.37), for a total value of £34,059.52 ($45,840.54).

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Norcros 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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