Shore Capital Reaffirms “Buy” Rating for Norcros (LON:NXR)

Norcros (LON:NXR)‘s stock had its “buy” rating reissued by analysts at Shore Capital in a research note issued on Thursday, Marketbeat Ratings reports.

Norcros Price Performance

LON:NXR opened at GBX 247 ($3.10) on Thursday. Norcros has a fifty-two week low of GBX 161 ($2.02) and a fifty-two week high of GBX 283 ($3.55). The stock has a market capitalization of £221.04 million, a P/E ratio of 823.33 and a beta of 1.39. The company has a debt-to-equity ratio of 40.60, a quick ratio of 0.91 and a current ratio of 2.02. The company’s 50-day simple moving average is GBX 252.44 and its 200-day simple moving average is GBX 234.03.

Norcros Company Profile

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.