Stefan Allanson Acquires 10,158 Shares of Norcros plc (LON:NXR) Stock

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

Norcros Price Performance

Shares of LON NXR opened at GBX 232 ($2.88) on Friday. The firm has a market capitalization of £207.62 million, a P/E ratio of 773.33 and a beta of 1.39. The firm’s 50-day moving average price is GBX 248.01 and its 200-day moving average price is GBX 244.31. The company has a current ratio of 2.02, a quick ratio of 0.91 and a debt-to-equity ratio of 40.60. Norcros plc has a 1-year low of GBX 167.50 ($2.08) and a 1-year high of GBX 283 ($3.51).

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

Norcros Cuts Dividend

The company also recently announced 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. This represents a dividend yield of 1.41%. The ex-dividend date was Thursday, November 28th. Norcros’s payout ratio is 3,333.33%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NXR shares. Shore Capital reissued a “buy” rating on shares of Norcros in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft reiterated 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 restated a “buy” rating and set a GBX 325 ($4.03) price target on shares of Norcros in a report 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.