Norcros (LON:NXR) Receives Buy Rating from Peel Hunt

Norcros (LON:NXR)‘s stock had its “buy” rating reaffirmed by investment analysts at Peel Hunt in a research report issued on Thursday, ThisIsMoney.Co.Uk reports.

Separately, Peel Hunt reissued a “buy” rating and issued a GBX 270 ($3.55) price objective on shares of Norcros in a report on Wednesday, January 8th.

NXR stock opened at GBX 299 ($3.93) on Thursday. The company has a market capitalization of $240.60 million and a P/E ratio of 13.91. Norcros has a twelve month low of GBX 185 ($2.43) and a twelve month high of GBX 305 ($4.01). The business has a 50 day simple moving average of GBX 287 and a 200-day simple moving average of GBX 245.67. The company has a current ratio of 2.03, a quick ratio of 1.02 and a debt-to-equity ratio of 69.60.

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.

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