Norcros’ (NXR) “Buy” Rating Reiterated at Peel Hunt

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Peel Hunt reissued their buy rating on shares of Norcros (LON:NXR) in a research report report published on Tuesday, ThisIsMoney.Co.Uk reports.

Separately, Numis Securities reissued an add rating and set a GBX 530 ($6.93) target price on shares of in a research note on Wednesday, June 12th.

Norcros stock opened at GBX 222 ($2.90) on Tuesday. The company has a debt-to-equity ratio of 49.48, a current ratio of 1.99 and a quick ratio of 1.02. The firm’s 50-day moving average price is GBX 209.69. The firm has a market cap of $178.42 million and a price-to-earnings ratio of 9.29. Norcros has a 52-week low of GBX 183 ($2.39) and a 52-week high of GBX 233 ($3.04).

The business also recently declared a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, June 20th will be given a dividend of GBX 5.60 ($0.07) per share. This represents a dividend yield of 2.73%. This is an increase from Norcros’s previous dividend of $2.80. The ex-dividend date is Thursday, June 20th. Norcros’s payout ratio is 0.33%.

About Norcros

Norcros plc, together with its subsidiaries, engages in the development, manufacture, and marketing of 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 name; taps, mixer showers, bathroom accessories, high end brassware, and valves under the Vado brand name; 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 name.

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