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An announcement from Norcros ( (GB:NXR) ) is now available.
Norcros plc has completed the acquisition of Fibo Holding AS, a leading Norwegian supplier of waterproof decorative wall panels, after receiving clearance from the UK Competition and Markets Authority. This acquisition is set to enhance Norcros’s presence in the waterproof wall coverings market across the UK, Ireland, Scandinavia, and Central Europe, aligning with its strategy for geographic expansion. The acquisition, valued at £46 million, will be financed through Norcros’s existing credit facility and is expected to be materially earnings accretive in the first year. The integration of Fibo under Norcros’s ownership is anticipated to leverage growth accelerators and operational efficiencies, benefiting from Fibo’s strong geographic growth plan and experienced management team.
The most recent analyst rating on (GB:NXR) stock is a Hold with a £288.00 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 Neutral.
The overall stock score of 62 reflects significant challenges in financial performance, particularly in profitability and leverage, which are partially offset by positive technical indicators. The high P/E ratio suggests overvaluation, although the dividend yield provides some compensation. The absence of earnings call and corporate events data limits further insights.
To see Spark’s full report on GB:NXR stock, click here.
More about Norcros
Norcros is a leading group specializing in the design and production of sustainable bathroom products across the UK, Ireland, South Africa, and select export markets. Known for its mid-premium product ranges, the company emphasizes innovation, design, and sustainability, supported by excellent service. Norcros operates renowned brands such as Triton, Merlyn, and Grant Westfield in the UK, and Tile Africa and TAL in South Africa. Headquartered in Wilmslow, Cheshire, Norcros is listed on the London Stock Exchange and employs around 1,900 people.
Average Trading Volume: 86,301
Technical Sentiment Signal: Strong Buy
Current Market Cap: £244.7M
For an in-depth examination of NXR stock, go to TipRanks’ Overview page.