Norcros (LON:NXR) Earns Buy Rating from Shore Capital

Shore Capital restated their buy rating on shares of Norcros (LON:NXR) in a research report released on Thursday morning, Marketbeat reports.

Norcros Stock Performance

Shares of NXR stock opened at GBX 247 ($3.10) on Thursday. The business has a 50-day moving average of GBX 252.68 and a 200 day moving average of GBX 234.11. 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 has a 1-year low of GBX 161 ($2.02) and a 1-year high of GBX 283 ($3.55). The stock has a market capitalization of £221.04 million, a PE ratio of 823.33 and a beta of 1.39.

Norcros Cuts Dividend

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