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

Norcros plc (LON:NXR) insider Stefan Allanson bought 10,158 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was bought at an average price of GBX 235 ($2.92) per share, for a total transaction of £23,871.30 ($29,613.32).

Norcros Stock Performance

Shares of LON NXR opened at GBX 232 ($2.88) on Friday. The firm has a 50 day moving average price of GBX 248.01 and a two-hundred day moving average price of GBX 244.31. The stock has a market cap of £207.62 million, a P/E ratio of 773.33 and a beta of 1.39. Norcros plc has a 52-week low of GBX 167.50 ($2.08) and a 52-week high of GBX 283 ($3.51). The company has a debt-to-equity ratio of 40.60, a quick ratio of 0.91 and a current ratio of 2.02.

Norcros (LON:NXR) last posted its quarterly earnings data on Thursday, November 21st. The company reported GBX 14.20 ($0.18) earnings per share for the quarter. Norcros had a return on equity of 12.38% and a net margin of 6.84%. As a group, equities analysts forecast that Norcros plc will post 31.3118812 EPS for the current year.

Norcros Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, January 14th. Stockholders of record on Thursday, November 28th were given a dividend of GBX 3.50 ($0.04) per share. The ex-dividend date was Thursday, November 28th. This represents a dividend yield of 1.41%. Norcros’s dividend payout ratio (DPR) is 3,333.33%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on NXR shares. Shore Capital reiterated a “buy” rating on shares of Norcros in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 375 ($4.65) target price on shares of Norcros in a report on Friday, November 22nd. Finally, Berenberg Bank reissued a “buy” rating and set a GBX 325 ($4.03) price target on shares of Norcros in a research note on Thursday, November 21st.

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.