Norcros (LON:NXR) Receives Buy Rating from Shore Capital

Shore Capital reissued their buy rating on shares of Norcros (LON:NXR) in a research note published on Thursday morning, MarketBeat.com reports.

Norcros Price Performance

Shares of Norcros stock opened at GBX 247 ($3.11) on Thursday. The firm has a market cap of £221.04 million, a PE ratio of 821.07 and a beta of 1.39. The stock has a 50 day moving average of GBX 252.44 and a 200 day moving average of GBX 234.03. The company has a current ratio of 2.02, a quick ratio of 0.91 and a debt-to-equity ratio of 40.60. Norcros has a 12 month low of GBX 161 ($2.03) and a 12 month high of GBX 283 ($3.56).

Norcros Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, January 14th. Investors of record on Thursday, November 28th will be issued a GBX 3.50 ($0.04) dividend. This represents a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, November 28th. Norcros’s dividend payout ratio (DPR) is presently 3,333.33%.

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.