Norcros (LON:NXR) Price Target Raised to GBX 270 at Peel Hunt

Norcros (LON:NXR) had its price objective raised by Peel Hunt from GBX 260 ($3.40) to GBX 270 ($3.53) in a report released on Thursday, Digital Look reports. Peel Hunt currently has a buy rating on the stock.

Separately, Peel Hunt reaffirmed a buy rating and issued a GBX 260 ($3.40) target price on shares of Norcros in a research report on Thursday, October 17th.

Norcros stock traded down GBX 1 ($0.01) during mid-day trading 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. The company has a market capitalization of $189.90 million and a price-to-earnings ratio of 9.87. Norcros has a 12 month low of GBX 183 ($2.39) and a 12 month high of GBX 245 ($3.20). The business’s 50 day simple moving average is GBX 230.42 and its 200 day simple moving average is GBX 215.79. 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 also recently announced a dividend, which will be paid on Friday, January 10th. Investors of record on Thursday, November 28th will be given a GBX 3.10 ($0.04) dividend. This represents a yield of 1.31%. The ex-dividend date is Thursday, November 28th. Norcros’s dividend payout ratio (DPR) is currently 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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