Norma Group (ETR:NOEJ) has been assigned a €61.00 ($70.93) price objective by investment analysts at Warburg Research in a research report issued to clients and investors on Tuesday. The brokerage presently has a “buy” rating on the stock. Warburg Research’s target price would suggest a potential upside of 33.01% from the stock’s current price.
Other research analysts also recently issued research reports about the stock. equinet set a €54.00 ($62.79) price objective on shares of Norma Group and gave the company a “neutral” rating in a research note on Friday, July 27th. DZ Bank reaffirmed a “buy” rating on shares of Norma Group in a research note on Thursday, July 26th. Baader Bank set a €68.00 ($79.07) price objective on shares of Norma Group and gave the company a “buy” rating in a research note on Wednesday, July 25th. Commerzbank set a €54.00 ($62.79) price objective on shares of Norma Group and gave the company a “neutral” rating in a research note on Friday, July 27th. Finally, Nord/LB set a €55.00 ($63.95) price objective on shares of Norma Group and gave the company a “neutral” rating in a research note on Friday, August 24th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of €60.62 ($70.48).
Shares of NOEJ traded up €0.92 ($1.07) during trading hours on Tuesday, reaching €46.20 ($53.72). 75,989 shares of the stock traded hands, compared to its average volume of 99,678. Norma Group has a 52-week low of €40.10 ($46.63) and a 52-week high of €65.95 ($76.69).
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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