Baader Bank Reiterates €61.00 Price Target for Norma Group SE (NOEJ)

Norma Group SE (ETR:NOEJ) has been assigned a €61.00 ($71.76) price objective by Baader Bank in a research note issued to investors on Monday. The brokerage presently has a “buy” rating on the stock.

Other equities research analysts have also issued reports about the stock. Kepler Capital Markets set a €59.00 ($69.41) price objective on shares of Norma Group SE and gave the company a “buy” rating in a research note on Friday, July 14th. equinet AG set a €61.00 ($71.76) price objective on shares of Norma Group SE and gave the company a “buy” rating in a research note on Friday, July 14th. HSBC Holdings plc set a €59.00 ($69.41) price objective on shares of Norma Group SE and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Deutsche Bank AG set a €55.00 ($64.71) price objective on shares of Norma Group SE and gave the company a “buy” rating in a research note on Friday, July 14th. Finally, DZ Bank AG reaffirmed a “buy” rating on shares of Norma Group SE in a research note on Thursday, July 13th. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of €57.31 ($67.42).

Shares of Norma Group SE (ETR NOEJ) traded up 0.296% during trading on Monday, reaching €58.603. 46 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is €55.95 and its 200-day moving average price is €50.94. Norma Group SE has a 52-week low of €35.31 and a 52-week high of €58.83. The stock has a market cap of €1.87 billion and a PE ratio of 22.847.

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About Norma Group SE

NORMA Group SE, together with its subsidiaries, manufactures and sells engineered joining technology solutions in Europe, the Middle East, Africa, the Americas, and the Asia-Pacific. The company provides quick connectors, hose clamps, retaining clamps, and pipe couplings. Its products are used in cooling system, emission control, air intake and induction, ancillary system, aviation, infrastructure, marine, off-road, pharma and biotech, and road applications.

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