Norcros plc with ticker (LON:NXR) now has a potential upside of 51.8% according to Deutsche.
NXR.L
Deutsche set a target price of 375 GBX for the company, which when compared to the Norcros plc share price of 247 GBX at opening today (25/11/2024) indicates a potential upside of 51.8%. Trading has ranged between 161 (52 week low) and 283 (52 week high) with an average of 193,133 shares exchanging hands daily. The market capitalisation at the time of writing is £221,772,383.
Norcros plc is a designer and supplier of bathroom and kitchen products with operations primarily in the United Kingdom (UK) and Ireland and South Africa. In the UK and Ireland, the Company operates under six brands: Triton, Merlyn, Grant Westfield, VADO, Croydex, and Abode. Triton is a manufacturer of electric and mixer showers and accessories. Merlyn is a supplier of shower enclosures and trays to the residential, commercial and hospitality sectors. Grant Westfield is a manufacturer of waterproof bathroom wall panels. Vado is a manufacturer of taps, mixer showers, bathroom accessories and valves. Croydex is a manufacturer of bathroom furnishings and accessories. Abode is a designer and distributor of kitchen taps, bathroom taps and kitchen sinks. In South Africa, the Company operates under four brands: Tile Africa, House of Plumbing, TAL, and Johnson Tiles. Tile Africa is focused on ceramic and porcelain tiles, and associated products such as sanitaryware, showers and adhesives.
Norcros plc 51.8% potential upside indicated by Deutsche
- Written by: Charlotte Edwards
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Norcros plc expects first-half revenue to rise 19% to approximately £220 million, with underlying operating profit increasing to at least £24.6 million. European and South African performance offset softer UK demand, while strong cash generation reduced net debt and supported a positive full-year outlook, with underlying operating profit expected to meet market expectations.
Triton Showers features a customer bathroom renovation with a walk-in shower, matt black fittings and the Velino Cool Touch Bar Diverter Mixer Shower.
Norcros shares offer 29% potential upside as Cavendish highlights improving profits, strong brands and further growth opportunities.
Orbis used Fibo wall panels to complete a bathroom refurbishment within a one-week timeframe, addressing installation speed, hygiene, durability and ongoing maintenance requirements.
A thermostatic shower automatically adjusts the hot and cold water supply to maintain a more consistent temperature, while built-in temperature controls can provide additional protection against hot water.
Compare freestanding baths, shower-over-bath combinations, walk-in showers, wet rooms and double showers to find the right setup for your bathroom.
