Deutsche Bank Aktiengesellschaft Reiterates Buy Rating for Norcros (LON:NXR)

Norcros (LON:NXR)‘s stock had its “buy” rating restated by investment analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Friday, Marketbeat Ratings reports. They currently have a GBX 375 ($4.70) target price on the stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential upside of 51.82% from the stock’s previous close.

A number of other research firms also recently issued reports on NXR. Berenberg Bank reissued a “buy” rating and set a GBX 325 ($4.07) price target on shares of Norcros in a research report on Thursday. Shore Capital reiterated a “buy” rating on shares of Norcros in a report on Thursday.

Norcros Price Performance

Shares of LON NXR opened at GBX 247 ($3.10) on Friday. Norcros has a 52-week low of GBX 161 ($2.02) and a 52-week high of GBX 283 ($3.55). The firm has a market capitalization of £221.04 million, a price-to-earnings ratio of 823.33 and a beta of 1.39. The stock has a 50 day moving average price of GBX 252.68 and a 200 day moving average price of GBX 234.11. The company has a debt-to-equity ratio of 40.60, a quick ratio of 0.91 and a current ratio of 2.02.

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.