Norcros plc (LON:NXR) Insider Acquires £23,871.30 in Stock

Norcros plc (LON:NXR) insider Stefan Allanson bought 10,158 shares of the stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average price of GBX 235 ($2.92) per share, for a total transaction of £23,871.30 ($29,686.98).

Norcros Trading Up 2.2 %

Shares of LON:NXR opened at GBX 232 ($2.89) on Friday. The business’s 50 day simple moving average is GBX 248.43 and its 200 day simple moving average is GBX 244.40. Norcros plc has a 1 year low of GBX 167.50 ($2.08) and a 1 year high of GBX 283 ($3.52). The company has a debt-to-equity ratio of 40.60, a current ratio of 2.02 and a quick ratio of 0.91. The company has a market capitalization of £207.62 million, a P/E ratio of 773.33 and a beta of 1.39.

Norcros (LON:NXR) last released its earnings results on Thursday, November 21st. The company reported GBX 14.20 ($0.18) earnings per share (EPS) for the quarter. Norcros had a return on equity of 12.38% and a net margin of 6.84%. On average, research analysts anticipate that Norcros plc will post 31.3118812 EPS for the current fiscal year.

Norcros Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, January 14th. Shareholders of record on Thursday, November 28th were issued a GBX 3.50 ($0.04) dividend. This represents a yield of 1.41%. The ex-dividend date was Thursday, November 28th. Norcros’s dividend payout ratio is currently 3,333.33%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on NXR shares. Shore Capital reaffirmed a “buy” rating on shares of Norcros in a report on Thursday, November 21st. Berenberg Bank restated a “buy” rating and issued a GBX 325 ($4.04) price target on shares of Norcros in a research note on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 375 ($4.66) price target on shares of Norcros in a research report on Friday, November 22nd.

About Norcros

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.