Deutsche Bank Aktiengesellschaft Reiterates “Buy” Rating for Norcros (LON:NXR)

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Norcros (LON:NXR) in a research report report published on Friday morning, MarketBeat.com reports. The brokerage currently has a GBX 375 ($4.71) price objective on the stock.

A number of other research firms have also recently weighed in on NXR. Berenberg Bank restated a “buy” rating and issued a GBX 325 ($4.08) price target on shares of Norcros in a report on Thursday, November 21st. Shore Capital reiterated a “buy” rating on shares of Norcros in a research note on Thursday, November 21st.

Norcros Trading Up 1.2 %

NXR stock opened at GBX 250 ($3.14) on Friday. The company has a market capitalization of £223.73 million, a PE ratio of 833.33 and a beta of 1.39. Norcros has a 12 month low of GBX 161 ($2.02) and a 12 month high of GBX 283 ($3.55). The firm’s 50-day moving average is GBX 253.02 and its 200 day moving average is GBX 234.79. The company has a debt-to-equity ratio of 40.60, a current ratio of 2.02 and a quick ratio of 0.91.

Norcros Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, January 14th. Investors of record on Thursday, November 28th will be paid a GBX 3.50 ($0.04) dividend. This represents a yield of 1.41%. The ex-dividend date of this dividend is Thursday, November 28th. Norcros’s dividend payout ratio (DPR) is presently 3,333.33%.

Norcros Company Profile

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.