Norcros (LON:NXR) Earns Buy Rating from Deutsche Bank Aktiengesellschaft

Norcros (LON:NXR)‘s stock had its “buy” rating reiterated by investment analysts at Deutsche Bank Aktiengesellschaft in a research report issued on Friday, Marketbeat Ratings reports. They currently have a GBX 375 ($4.70) price objective on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 51.82% from the stock’s previous close.

NXR has been the topic of a number of other research reports. Shore Capital restated a “buy” rating on shares of Norcros in a research note on Thursday. Berenberg Bank reiterated a “buy” rating and issued a GBX 325 ($4.07) target price on shares of Norcros in a research note on Thursday.

Norcros Price Performance

Norcros stock opened at GBX 247 ($3.10) on Friday. The business has a fifty day moving average price of GBX 252.68 and a 200-day moving average price of GBX 234.11. 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 price-to-earnings ratio of 823.33 and a beta of 1.39. The company has a debt-to-equity ratio of 40.60, a current ratio of 2.02 and a quick ratio of 0.91.

About Norcros

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.