Norcros (LON:NXR) Given “Buy” Rating at Peel Hunt

Peel Hunt reissued their buy rating on shares of Norcros (LON:NXR) in a report issued on Thursday, LSE.Co.UK reports. The firm currently has a GBX 260 ($3.40) price objective on the stock.

Separately, Peel Hunt reiterated a buy rating and issued a GBX 260 ($3.40) price target on shares of Norcros in a research note on Monday.

NXR traded up GBX 12 ($0.16) on Thursday, reaching GBX 233 ($3.04). The company had a trading volume of 39,782 shares, compared to its average volume of 55,049. Norcros has a fifty-two week low of GBX 183 ($2.39) and a fifty-two week high of GBX 245 ($3.20). The stock has a market cap of $187.48 million and a P/E ratio of 9.75. The company’s fifty day moving average is GBX 223.49 and its 200 day moving average is GBX 210.33. The company has a debt-to-equity ratio of 49.48, a quick ratio of 1.02 and a current ratio of 1.99.

In related news, insider Nick Kelsall sold 43,496 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of GBX 208 ($2.72), for a total value of £90,471.68 ($118,217.27).

About Norcros

Norcros plc, together with its subsidiaries, engages in the development, manufacture, and marketing of 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 name; taps, mixer showers, bathroom accessories, high end brassware, and valves under the Vado brand name; 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 name.

See Also: What is the Coverage Ratio?

Receive News & Ratings for Norcros Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norcros and related companies with MarketBeat.com's FREE daily email newsletter.