Berenberg Bank Reaffirms “Buy” Rating for Norcros (LON:NXR)

Norcros (LON:NXR)‘s stock had its “buy” rating restated by equities research analysts at Berenberg Bank in a research note issued on Thursday, Marketbeat.com reports. They currently have a GBX 325 ($4.07) price objective on the stock. Berenberg Bank’s price target would suggest a potential upside of 31.58% from the stock’s current price.

Separately, Shore Capital restated a “buy” rating on shares of Norcros in a report on Thursday.

Norcros Stock Performance

Shares of Norcros stock opened at GBX 247 ($3.10) on Thursday. The company has a debt-to-equity ratio of 40.60, a current ratio of 2.02 and a quick ratio of 0.91. The stock’s 50-day moving average is GBX 252.44 and its 200-day moving average is GBX 234.03. The firm has a market cap of £221.04 million, a price-to-earnings ratio of 823.33 and a beta of 1.39. Norcros has a one year low of GBX 161 ($2.02) and a one year high of GBX 283 ($3.55).

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.