Norcros (LON:NXR) Receives House Stock Rating from Shore Capital Group

Shore Capital Group reaffirmed their house stock rating on shares of Norcros (LON:NXR) in a report released on Tuesday,Digital Look reports. Shore Capital Group currently has a GBX 630 price target on the stock.

Norcros Stock Performance

Shares of Norcros stock opened at GBX 294 on Tuesday. Norcros has a 1 year low of GBX 240 and a 1 year high of GBX 374. The company has a debt-to-equity ratio of 44.20, a quick ratio of 0.91 and a current ratio of 1.93. The company has a market capitalization of £264.27 million, a P/E ratio of 21.00 and a beta of 1.07. The company’s fifty day moving average is GBX 297.19 and its two-hundred day moving average is GBX 311.41.

About Norcros

Norcros is a market leading group of brands providing design led, high quality bathroom and kitchen products with operations primarily in the UK and South Africa.

Based in the UK, Norcros operates under six brands:

· Triton – Market leader in the manufacture and marketing of showers in the UK
· Merlyn – UK and Ireland’s No.1 supplier of shower enclosures and trays to the residential, commercial, and hospitality sectors
· Grant Westfield – Leading manufacturer of high-end waterproof bathroom wall panels
· Vado – Leading manufacturer and supplier of taps, mixer showers, bathroom accessories, and valves
· Croydex – Market-leading, innovative designer, manufacturer, and distributor of high-quality bathroom furnishings and accessories
· Abode – Leading niche designer and distributor of high-quality kitchen taps, bathroom taps, and kitchen sinks

Based in South Africa, Norcros operates under four brands:

· Tile Africa – Chain of retail stores focused on ceramic and porcelain tiles and associated products such as sanitaryware, showers, and adhesives
· Johnson Tiles South Africa – Manufacturer of ceramic and porcelain tiles
· TAL – Leading manufacturer of ceramic and building adhesives in South Africa
· House of Plumbing – Market-leading supplier of specialist plumbing materials

Norcros is headquartered in Wilmslow, Cheshire and employs around 2,100 people.