Norcros (LON:NXR) Shares Pass Above 200 Day Moving Average of $174.03

Norcros plc (LON:NXR)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 174.03 ($2.17) and traded as high as GBX 175.50 ($2.18). Norcros shares last traded at GBX 172 ($2.14), with a volume of 145,968 shares trading hands.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NXR. Shore Capital restated a “buy” rating on shares of Norcros in a report on Thursday, April 11th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 325 ($4.05) price objective on shares of Norcros in a research report on Thursday, April 11th. Finally, Numis Securities reissued a “buy” rating and issued a GBX 315 ($3.92) target price on shares of Norcros in a research report on Thursday, April 11th.

Norcros Stock Performance

The firm has a market cap of £151.42 million, a P/E ratio of 1,056.25 and a beta of 1.43. The company has a debt-to-equity ratio of 47.99, a quick ratio of 0.91 and a current ratio of 2.10. The business’s 50-day simple moving average is GBX 182.91 and its 200 day simple moving average is GBX 174.19.

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.