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Norcros ( (GB:NXR) ) has provided an announcement.
Norcros PLC announced a share dealing by its Chair and Non-Executive Director, Steve Good, who purchased 20,000 ordinary shares at 304 pence each, increasing his total shareholding to 80,000 shares. This transaction, conducted on the London Stock Exchange, reflects a vote of confidence in the company’s future prospects and may positively influence stakeholder perceptions.
The most recent analyst rating on (GB:NXR) stock is a Hold with a £321.00 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 Neutral.
The overall stock score of 64 reflects a mixed outlook. The most significant factor is the company’s financial performance, which shows challenges in profitability and rising leverage. Technical analysis indicates strong momentum, but the valuation suggests the stock may be overpriced. The absence of earnings call data and corporate events means these factors did not influence the score.
To see Spark’s full report on GB:NXR stock, click here.
More about Norcros
Norcros PLC operates in the manufacturing industry, focusing primarily on producing bathroom and kitchen products. The company is known for its market presence in the home improvement sector, offering a range of products that cater to both residential and commercial markets.
Average Trading Volume: 84,537
Technical Sentiment Signal: Strong Buy
Current Market Cap: £262.6M
For an in-depth examination of NXR stock, go to TipRanks’ Overview page.