Baader Bank set a €54.00 ($62.79) price objective on Norma Group (ETR:NOEJ) in a research report sent to investors on Thursday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Several other equities research analysts also recently commented on NOEJ. Warburg Research set a €62.00 ($72.09) target price on Norma Group and gave the company a buy rating in a report on Tuesday, March 26th. DZ Bank restated a buy rating on shares of Norma Group in a research note on Wednesday, February 13th. Hauck & Aufhaeuser set a €57.00 ($66.28) price objective on Norma Group and gave the company a buy rating in a research note on Wednesday, February 13th. Deutsche Bank set a €56.00 ($65.12) price objective on Norma Group and gave the company a buy rating in a research note on Thursday, March 21st. Finally, Berenberg Bank set a €53.00 ($61.63) price objective on Norma Group and gave the company a neutral rating in a research note on Wednesday, February 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average target price of €53.77 ($62.52).
Shares of ETR:NOEJ opened at €40.90 ($47.56) on Thursday. The stock has a market cap of $1.30 billion and a P/E ratio of 14.19. The company has a current ratio of 1.71, a quick ratio of 1.10 and a debt-to-equity ratio of 101.24. Norma Group has a one year low of €40.44 ($47.02) and a one year high of €70.15 ($81.57).
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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