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

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

Norcros Price Performance

Shares of Norcros stock opened at GBX 247 ($3.11) on Thursday. The company has a market capitalization of £221.04 million, a price-to-earnings ratio of 821.07 and a beta of 1.39. The company has a quick ratio of 0.91, a current ratio of 2.02 and a debt-to-equity ratio of 40.60. The stock’s 50-day simple moving average is GBX 252.44 and its 200-day simple moving average is GBX 234.03. Norcros has a 52 week low of GBX 161 ($2.03) and a 52 week high of GBX 283 ($3.56).

Norcros Cuts Dividend

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

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.