Norcros’ (NXR) “Buy” Rating Reiterated at Peel Hunt

Peel Hunt reiterated their buy rating on shares of Norcros (LON:NXR) in a report published on Tuesday, ThisIsMoney.Co.Uk reports.

Separately, Numis Securities reissued an add rating and issued a GBX 530 ($6.93) target price on shares of in a research note on Wednesday, June 12th.

Shares of NXR opened at GBX 222 ($2.90) on Tuesday. The firm has a market cap of $178.42 million and a price-to-earnings ratio of 9.29. The company has a fifty day moving average of GBX 209.69. Norcros has a fifty-two week low of GBX 183 ($2.39) and a fifty-two week high of GBX 233 ($3.04). 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 company also recently declared a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, June 20th will be paid a dividend of GBX 5.60 ($0.07) per share. This is an increase from Norcros’s previous dividend of $2.80. The ex-dividend date of this dividend is Thursday, June 20th. This represents a yield of 2.73%. Norcros’s payout ratio is 0.33%.

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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