Norcros (LON:NXR) Stock Crosses Above 200 Day Moving Average – Time to Sell?

Norcros plc (LON:NXR) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 306.70 and traded as high as GBX 329. Norcros shares last traded at GBX 325, with a volume of 23,487 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Shore Capital Group reiterated a “house stock” rating on shares of Norcros in a research note on Wednesday, July 22nd. Berenberg Bank restated a “buy” rating and set a GBX 440 target price on shares of Norcros in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 470.

Norcros Trading Down 0.6%

The company’s 50 day simple moving average is GBX 315.16 and its two-hundred day simple moving average is GBX 306.44. The company has a quick ratio of 0.91, a current ratio of 1.92 and a debt-to-equity ratio of 65.07. The company has a market capitalization of £286.69 million, a price-to-earnings ratio of 1,070.00 and a beta of 1.05.

Norcros (LON:NXR) last issued its quarterly earnings results on Wednesday, June 17th. The company reported GBX 36.30 earnings per share (EPS) for the quarter. Norcros had a return on equity of 0.15% and a net margin of 0.08%.The business had revenue of £393.40 million for the quarter. As a group, research analysts anticipate that Norcros plc will post 31.3118812 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Norcros news, insider Thomas Willcocks sold 47,618 shares of the company’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of GBX 314, for a total transaction of £149,520.52. Corporate insiders own 35.31% of the company’s stock.

Norcros Company Profile

Norcros is a market leading group of brands providing design led, high quality bathroom and kitchen products with operations primarily in the UK and South Africa.

Based in the UK, Norcros operates under six brands:

· Triton – Market leader in the manufacture and marketing of showers in the UK
· Merlyn – UK and Ireland’s No.1 supplier of shower enclosures and trays to the residential, commercial, and hospitality sectors
· Grant Westfield – Leading manufacturer of high-end waterproof bathroom wall panels
· Vado – Leading manufacturer and supplier of taps, mixer showers, bathroom accessories, and valves
· Croydex – Market-leading, innovative designer, manufacturer, and distributor of high-quality bathroom furnishings and accessories
· Abode – Leading niche designer and distributor of high-quality kitchen taps, bathroom taps, and kitchen sinks

Based in South Africa, Norcros operates under four brands:

· Tile Africa – Chain of retail stores focused on ceramic and porcelain tiles and associated products such as sanitaryware, showers, and adhesives
· Johnson Tiles South Africa – Manufacturer of ceramic and porcelain tiles
· TAL – Leading manufacturer of ceramic and building adhesives in South Africa
· House of Plumbing – Market-leading supplier of specialist plumbing materials

Norcros is headquartered in Wilmslow, Cheshire and employs around 2,100 people.