Norma Group (ETR:NOEJ) has been assigned a €42.00 ($48.84) target price by Baader Bank in a research note issued on Friday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. Baader Bank’s target price points to a potential upside of 36.99% from the stock’s current price.
A number of other equities analysts have also recently issued reports on NOEJ. Hauck & Aufhaeuser set a €33.00 ($38.37) price objective on shares of Norma Group and gave the company a “neutral” rating in a research report on Friday, August 9th. HSBC set a €41.00 ($47.67) price objective on shares of Norma Group and gave the company a “buy” rating in a research report on Friday, September 27th. DZ Bank restated a “buy” rating on shares of Norma Group in a research report on Monday, July 22nd. Nord/LB set a €30.00 ($34.88) price objective on shares of Norma Group and gave the company a “neutral” rating in a research report on Tuesday, August 13th. Finally, Bank of America set a €27.00 ($31.40) price objective on shares of Norma Group and gave the company a “sell” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. Norma Group presently has an average rating of “Hold” and a consensus target price of €42.86 ($49.83).
NOEJ stock opened at €30.66 ($35.65) on Friday. The firm’s 50-day moving average price is €30.58 and its two-hundred day moving average price is €35.32. Norma Group has a 12-month low of €26.36 ($30.65) and a 12-month high of €56.05 ($65.17). The stock has a market capitalization of $976.90 million and a price-to-earnings ratio of 12.38. The company has a current ratio of 1.69, a quick ratio of 1.07 and a debt-to-equity ratio of 107.34.
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, irrigation, marine, off-road, pharma and biotech, and road applications.
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