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

Norcros (LON:NXR) had its price target upped by stock analysts at Peel Hunt from GBX 260 ($3.40) to GBX 270 ($3.53) in a note issued to investors on Thursday, ThisIsMoney.Co.Uk reports. The firm currently has a “buy” rating on the stock. Peel Hunt’s price objective indicates a potential upside of 15.19% from the stock’s current price.

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.

LON:NXR opened at GBX 234.40 ($3.06) on Thursday. The company has a current ratio of 1.99, a quick ratio of 1.02 and a debt-to-equity ratio of 49.48. Norcros has a 12 month low of GBX 183 ($2.39) and a 12 month high of GBX 245 ($3.20). The company has a market cap of $188.61 million and a PE ratio of 9.81. The company has a 50 day simple moving average of GBX 230 and a two-hundred day simple moving average of GBX 215.42.

Norcros Company Profile

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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