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The latest update is out from Norcros ( (GB:NXR) ).
Norcros has granted options over 199,985 ordinary shares under its all-employee Save As You Earn (SAYE) scheme at an exercise price of 258p per share, with Chief Executive Officer Thomas Willcocks receiving 7,073 options. The options can be exercised in 2029 at the end of the three-year savings period, reinforcing long-term employee and executive alignment with shareholders and supporting retention across the group’s global workforce, as participants fund any share purchases through their accumulated SAYE contributions and retain the flexibility to withdraw their savings before maturity.
The most recent analyst rating on (GB:NXR) stock is a Buy with a £333.00 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 selected export markets. Focused on mid-premium ranges distinguished by innovation, design and ESG-led sustainability, the group has grown through acquisitions and organic expansion to become the leading bathroom products group in the UK and Ireland, operating well-known brands such as Triton, Merlyn, Grant Westfield, Vado, Croydex, Abode, Fibo, Tile Africa, TAL and House of Plumbing. Headquartered in Wilmslow, Cheshire, Norcros employs around 2,100 people and is listed on the London Stock Exchange.
Average Trading Volume: 144,098
Technical Sentiment Signal: Buy
Current Market Cap: £274.3M
For a thorough assessment of NXR stock, go to TipRanks’ Stock Analysis page.