Norcros plc with ticker (LON:NXR) now has a potential upside of 80.0% according to Numis.
Numis set a target price of 315 GBX for the company, which when compared to the Norcros plc share price of 175 GBX at opening today (19/04/2024) indicates a potential upside of 80.0%. Trading has ranged between 134 (52 week low) and 204 (52 week high) with an average of 43,212 shares exchanging hands daily. The market capitalisation at the time of writing is £153,120,532.
Norcros plc is a United Kingdom-based supplier of bathroom and kitchen products. The principal activities of the Company and its subsidiaries are the design, manufacture, and distribution of a range of bathroom and kitchen products, mainly in the United Kingdom and South Africa. In the United Kingdom, it offers a range of bathroom and kitchen products for domestic and commercial applications. In the United Kingdom, it operates under eight brands: Triton, Merlyn, Vado, Croydex, Abode, Johnson Tiles, Norcros Adhesives and Grant Westfield. Its complementary business in South Africa operates principally from a shared manufacturing and administrative site near Johannesburg. In South Africa, it operates under four brands: Tile Africa, Johnson Tiles South Africa, TAL and House of Plumbing. The Company offers mixer showers and accessories; tile and stone adhesives; taps, bathroom accessories and valves; bathroom furnishings; ceramic wall and floor tiles; and tile adhesives, among others.
Norcros plc 80.0% potential upside indicated by Numis
- Written by: Charlotte Edwards
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Latest Company News
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Zeus Capital’s latest research note on Norcros points to a business that continues to trade resiliently, with management making progress on strategic priorities and maintaining a disciplined approach in a more challenging market backdrop.
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