Norcros plc (LON:NXR) Insider Stefan Allanson Buys 10,158 Shares

Norcros plc (LON:NXR) insider Stefan Allanson bought 10,158 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was purchased at an average price of GBX 235 ($2.94) per share, for a total transaction of £23,871.30 ($29,842.86).

Norcros Stock Performance

LON NXR opened at GBX 227 ($2.84) on Thursday. The company has a market cap of £203.14 million, a P/E ratio of 756.67 and a beta of 1.39. Norcros plc has a 1-year low of GBX 167.50 ($2.09) and a 1-year high of GBX 283 ($3.54). 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 has a 50-day moving average of GBX 248.99 and a two-hundred day moving average of GBX 244.51.

Norcros (LON:NXR) last released its earnings results on Thursday, November 21st. The company reported GBX 14.20 ($0.18) EPS for the quarter. Norcros had a return on equity of 12.38% and a net margin of 6.84%. As a group, analysts anticipate that Norcros plc will post 31.3118812 EPS for the current year.

Norcros Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, January 14th. Investors of record on Thursday, November 28th were paid a dividend of GBX 3.50 ($0.04) per share. The ex-dividend date of this dividend was Thursday, November 28th. This represents a dividend yield of 1.41%. Norcros’s payout ratio is currently 3,333.33%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 375 ($4.69) target price on shares of Norcros in a research note on Friday, November 22nd. Shore Capital reiterated a “buy” rating on shares of Norcros in a research report on Thursday, November 21st. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 325 ($4.06) target price on shares of Norcros in a report on Thursday, November 21st.

About Norcros

Norcros is a market leading group of brands providing design led, high quality bathroom and kitchen products with operations primarily in the UK and South Africa.

Based in the UK, Norcros operates under six brands:

· Triton – Market leader in the manufacture and marketing of showers in the UK
· Merlyn – UK and Ireland’s No.1 supplier of shower enclosures and trays to the residential, commercial, and hospitality sectors
· Grant Westfield – Leading manufacturer of high-end waterproof bathroom wall panels
· Vado – Leading manufacturer and supplier of taps, mixer showers, bathroom accessories, and valves
· Croydex – Market-leading, innovative designer, manufacturer, and distributor of high-quality bathroom furnishings and accessories
· Abode – Leading niche designer and distributor of high-quality kitchen taps, bathroom taps, and kitchen sinks

Based in South Africa, Norcros operates under four brands:

· Tile Africa – Chain of retail stores focused on ceramic and porcelain tiles and associated products such as sanitaryware, showers, and adhesives
· Johnson Tiles South Africa – Manufacturer of ceramic and porcelain tiles
· TAL – Leading manufacturer of ceramic and building adhesives in South Africa
· House of Plumbing – Market-leading supplier of specialist plumbing materials

Norcros is headquartered in Wilmslow, Cheshire and employs around 2,100 people.