Norcros (LON:NXR) Share Price Passes Above Two Hundred Day Moving Average of $174.03

Norcros plc (LON:NXR)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 174.03 ($2.17) and traded as high as GBX 175.50 ($2.18). Norcros shares last traded at GBX 172 ($2.14), with a volume of 145,968 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on NXR shares. Numis Securities reiterated a “buy” rating and set a GBX 315 ($3.92) price target on shares of Norcros in a research report on Thursday, April 11th. Berenberg Bank restated a “buy” rating and issued a GBX 325 ($4.05) target price on shares of Norcros in a research report on Thursday, April 11th. Finally, Shore Capital restated a “buy” rating on shares of Norcros in a research report on Thursday, April 11th.

Norcros Stock Performance

The company has a current ratio of 2.10, a quick ratio of 0.91 and a debt-to-equity ratio of 47.99. The stock has a market capitalization of £154.11 million, a price-to-earnings ratio of 1,075.00 and a beta of 1.43. The firm has a 50-day moving average of GBX 183.33 and a 200 day moving average of GBX 174.03.

About Norcros

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.