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

Peel Hunt restated their buy rating on shares of Norcros (LON:NXR) in a research note issued to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.

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

NXR stock opened at GBX 223 ($2.91) on Tuesday. Norcros has a 12-month low of GBX 183 ($2.39) and a 12-month high of GBX 233 ($3.04). The company has a current ratio of 1.99, a quick ratio of 1.02 and a debt-to-equity ratio of 49.48. The stock has a market cap of $179.23 million and a P/E ratio of 9.33. The business has a 50 day moving average of GBX 209.18.

The firm also recently declared a dividend, which will be paid on Friday, August 2nd. Stockholders of record on Thursday, June 20th will be issued a dividend of GBX 5.60 ($0.07) per share. The ex-dividend date is Thursday, June 20th. This represents a dividend yield of 2.73%. This is an increase from Norcros’s previous dividend of $2.80. Norcros’s dividend payout ratio (DPR) is currently 0.33%.

About Norcros

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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