Norcros plc with ticker (LON:NXR) now has a potential upside of 76.2% according to Berenberg Bank.
Berenberg Bank set a target price of 325 GBX for the company, which when compared to the Norcros plc share price of 184 GBX at opening today (07/03/2024) indicates a potential upside of 76.2%. Trading has ranged between 134 (52 week low) and 204 (52 week high) with an average of 46,521 shares exchanging hands daily. The market capitalisation at the time of writing is £167,165,958.
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 76.2% potential upside indicated by Berenberg Bank
- Written by: Charlotte Edwards
Find more news, interviews, share price & company profile here for:
Norcros plc has received unconditional clearance from the UK Competition and Markets Authority for its £46 million acquisition of Fibo Holding AS, a leading supplier of waterproof decorative wall panels.
Norcros continues to grow market share, having delivered another resilient performance during the first quarter.
Norcros has agreed to acquire Fibo Group from FSN Capital for an enterprise value of NOK 618 million (c. £45 million), subject to UK Competition and Markets Authority clearance.
Norcros plc, the UK's leading bathroom products provider, reports strong financial results for FY 2025, showcasing resilience and strategic growth amid market challenges.
Join Norcros plc for an insightful Investor Presentation on their full-year results, featuring CEO Thomas Willcocks and CFO James Eyre on June 18th.
Discover three UK dividend-paying stocks – Arbuthnot Banking Group, Norcros, and Diversified Energy Company – that offer attractive yields for passive income investors.
