Norcros (LON:NXR) Sets New 52-Week High at $239.00

Shares of Norcros plc (LON:NXR) reached a new 52-week high on Wednesday . The stock traded as high as GBX 239 ($3.06) and last traded at GBX 235 ($3.01), with a volume of 19465 shares trading hands. The stock had previously closed at GBX 231 ($2.96).

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Shore Capital restated a “buy” rating on shares of Norcros in a report on Thursday, June 13th. Berenberg Bank reiterated a “buy” rating and issued a GBX 325 ($4.16) target price on shares of Norcros in a report on Thursday, April 11th. Finally, Numis Securities reiterated a “buy” rating and issued a GBX 315 ($4.03) target price on shares of Norcros in a report on Thursday, April 11th.

Norcros Price Performance

The firm has a market cap of £210.56 million, a PE ratio of 1,476.00 and a beta of 1.42. The company has a quick ratio of 0.91, a current ratio of 2.10 and a debt-to-equity ratio of 47.99. The stock has a 50 day moving average price of GBX 217.01 and a two-hundred day moving average price of GBX 196.32.

Norcros Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, June 27th will be given a GBX 6.80 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, June 27th. This represents a yield of 3.29%. This is a positive change from Norcros’s previous dividend of $3.40. Norcros’s dividend payout ratio is currently 6,250.00%.

Insider Activity at Norcros

In related news, insider Stefan Allanson acquired 11,305 shares of the stock in a transaction on Tuesday, June 18th. The shares were acquired at an average price of GBX 210 ($2.69) per share, for a total transaction of £23,740.50 ($30,409.25). 10.60% of the stock is owned by insiders.

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.