Norcros (LON:NXR) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Norcros plc (LON:NXR) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 240.03 ($3.25) and traded as high as GBX 275 ($3.72). Norcros shares last traded at GBX 275 ($3.72), with a volume of 51,384 shares traded.

Analyst Ratings Changes

A number of research firms recently weighed in on NXR. Shore Capital restated a “buy” rating on shares of Norcros in a research report on Thursday, April 10th. Berenberg Bank restated a “buy” rating and set a GBX 350 ($4.73) price target on shares of Norcros in a research report on Thursday, April 10th.

Norcros Stock Up 1.9%

The company has a debt-to-equity ratio of 40.60, a current ratio of 2.00 and a quick ratio of 0.91. The business’s 50 day simple moving average is GBX 242.58 and its 200 day simple moving average is GBX 239.98. The company has a market capitalization of £245.92 million, a PE ratio of 9.13 and a beta of 1.39.

Norcros Company Profile

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.