Sustained UK progress is the headline message from the H120 update in our view. Low single-digit growth here is not eye-catching but is certainly better than underlying markets. Management expectations and our own estimates are unchanged and consistent delivery against these benchmarks should be reflected in an improved rating in our view.
18 Oct 2019
Norcros - Maintaining forward progress
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Norcros - Maintaining forward progress
Norcros plc (NXR:LON) | 184 0 0.0% | Mkt Cap: 165.3m
- Published:
18 Oct 2019 -
Author:
Toby Thorrington -
Pages:
3
Sustained UK progress is the headline message from the H120 update in our view. Low single-digit growth here is not eye-catching but is certainly better than underlying markets. Management expectations and our own estimates are unchanged and consistent delivery against these benchmarks should be reflected in an improved rating in our view.