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Norcros ( (GB:NXR) ) just unveiled an announcement.
Norcros plc, the UK and Ireland’s leading branded bathroom products group, has appointed Shore Capital Stockbrokers as a joint corporate broker alongside existing broker Berenberg, effective immediately. The move underlines the company’s ambitions to support its growth strategy in a large and fragmented market, potentially enhancing its access to capital and investor reach as it continues to pursue expansion through acquisitions, organic development and operational excellence.
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 known for innovation, design and sustainability, serving both trade and retail customers through brands such as Triton, Merlyn, Grant Westfield, Vado, Croydex, Abode, Fibo, Tile Africa, TAL and House of Plumbing. Headquartered in Wilmslow, Cheshire, Norcros has grown through a combination of acquisitions and organic expansion to become the leading branded bathroom products business in the UK and Ireland and is listed on the London Stock Exchange.
Average Trading Volume: 148,845
Technical Sentiment Signal: Buy
Current Market Cap: £320.2M
For an in-depth examination of NXR stock, go to TipRanks’ Overview page.