Norcros (LON:NXR) Given New GBX 270 Price Target at Peel Hunt

Norcros (LON:NXR) had its price objective hoisted by equities research analysts at Peel Hunt from GBX 260 ($3.40) to GBX 270 ($3.53) in a note issued to investors on Thursday, LSE.Co.UK reports. The brokerage currently has a “buy” rating on the stock. Peel Hunt’s price objective would suggest a potential upside of 14.41% from the stock’s current price.

Separately, Peel Hunt boosted their target price on Norcros from GBX 260 ($3.40) to GBX 270 ($3.53) and gave the company a “buy” rating in a research note on Thursday.

LON:NXR traded down GBX 1 ($0.01) on Thursday, reaching GBX 236 ($3.08). The company’s stock had a trading volume of 269,217 shares, compared to its average volume of 55,049. Norcros has a 1-year low of GBX 183 ($2.39) and a 1-year high of GBX 245 ($3.20). The company has a debt-to-equity ratio of 49.48, a quick ratio of 1.02 and a current ratio of 1.99. The firm has a market cap of $189.90 million and a PE ratio of 9.87. The business’s 50-day moving average price is GBX 230.42 and its two-hundred day moving average price is GBX 215.79.

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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