Norcros (LON:NXR) Hits New 12-Month High at $239.00

Norcros plc (LON:NXR) shares hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 239 ($3.06) and last traded at GBX 235 ($3.01), with a volume of 19465 shares. The stock had previously closed at GBX 231 ($2.96).

Analysts Set New Price Targets

NXR has been the topic of several analyst reports. Numis Securities reiterated a “buy” rating and issued a GBX 315 ($4.03) price objective on shares of Norcros in a research note on Thursday, April 11th. Berenberg Bank restated a “buy” rating and set a GBX 325 ($4.16) target price on shares of Norcros in a report on Thursday, April 11th. Finally, Shore Capital reiterated a “buy” rating on shares of Norcros in a research report on Thursday, June 13th.

Norcros Price Performance

The stock has a 50-day simple moving average of GBX 218.79 and a 200 day simple moving average of GBX 196.88. The stock has a market capitalization of £213.25 million, a P/E ratio of 1,487.50 and a beta of 1.42. The company has a debt-to-equity ratio of 47.99, a quick ratio of 0.91 and a current ratio of 2.10.

Norcros Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, June 27th will be issued a GBX 6.80 ($0.09) dividend. This is a boost from Norcros’s previous dividend of $3.40. The ex-dividend date is Thursday, June 27th. This represents a yield of 3.29%. Norcros’s dividend payout ratio (DPR) is currently 6,250.00%.

Insider Buying and Selling

In other Norcros news, insider Stefan Allanson bought 11,305 shares of the business’s stock in a transaction on Tuesday, June 18th. The shares were bought at an average cost of GBX 210 ($2.69) per share, for a total transaction of £23,740.50 ($30,409.25). Corporate insiders own 10.60% of the company’s stock.

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.