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Norcros ( (GB:NXR) ) has provided an update.
Norcros plc, the UK and Ireland’s leading branded bathroom products group, has appointed Shore Capital Stockbrokers as joint corporate broker alongside existing broker Berenberg, effective immediately. The move underscores Norcros’s capital markets ambitions as it pursues further expansion in a large and fragmented bathroom and kitchen products market, where it aims to accelerate growth and capture additional market share through a mix of acquisitions, organic development, operational improvements and its sustainability-focused proposition.
The most recent analyst rating on (GB:NXR) stock is a Hold with a £370.00 price target. To see the full list of analyst forecasts on Norcros stock, see the GB:NXR Stock Forecast page.
Spark’s Take on GB:NXR Stock
According to Spark, TipRanks’ AI Analyst, GB:NXR is a Outperform.
Norcros’s overall stock score is driven by strong corporate events and positive technical analysis. The company’s strategic acquisitions and growth initiatives have been well-received, while the technical indicators suggest a bullish trend. However, financial performance is a concern due to profitability challenges and rising leverage, which slightly tempers the overall score.
To see Spark’s full report on GB:NXR stock, click here.
More about Norcros
Norcros plc is a market-leading group of brands specialising in design-led, sustainable bathroom and kitchen products across the UK, Ireland, Scandinavia, South Africa and select export markets. The company focuses on mid-premium ranges distinguished by innovation, design and ESG credentials, and operates well-known brands including Triton, Merlyn, Grant Westfield, Vado, Croydex and Abode in the UK and Ireland, Fibo in Norway, and Tile Africa, TAL and House of Plumbing in South Africa. Headquartered in Wilmslow, Cheshire, Norcros employs around 2,100 people and is listed on the London Stock Exchange.
Average Trading Volume: 148,845
Technical Sentiment Signal: Buy
Current Market Cap: £320.2M
For a thorough assessment of NXR stock, go to TipRanks’ Stock Analysis page.