Norcros continues to deliver a progressive trading performance ahead of local market conditions and in line with management guidance. Its share price has risen this year, significantly outperforming the FTSE All Share Index, but the company’s rating remains in single-digit P/E territory. It seems that re-rating will be a gradual process but there is plenty of evidence to suggest that this can continue.
19 Dec 2018
Norcros - Growing and investing
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Norcros - Growing and investing
Norcros plc (NXR:LON) | 176 1.8 0.6% | Mkt Cap: 158.1m
- Published:
19 Dec 2018 -
Author:
Toby Thorrington -
Pages:
5
Norcros continues to deliver a progressive trading performance ahead of local market conditions and in line with management guidance. Its share price has risen this year, significantly outperforming the FTSE All Share Index, but the company’s rating remains in single-digit P/E territory. It seems that re-rating will be a gradual process but there is plenty of evidence to suggest that this can continue.