Norma Group SE (ETR:NOEJ) Given Average Recommendation of “Hold” by Brokerages

Norma Group SE (ETR:NOEJ) has received an average recommendation of “Hold” from the fifteen research firms that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is €48.21 ($56.06).

A number of analysts recently weighed in on NOEJ shares. Jefferies Financial Group reiterated a “buy” rating and set a C$15.00 price target on shares of Aphria in a research note on Friday, May 24th. Bank of America set a €155.00 ($180.23) price objective on shares of Continental and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Kepler Capital Markets restated a “hold” rating on shares of Continental in a research report on Friday, June 28th. Hauck & Aufhaeuser set a €43.00 ($50.00) price objective on shares of Norma Group and gave the stock a “neutral” rating in a research report on Wednesday, July 3rd. Finally, DZ Bank restated a “hold” rating on shares of Continental in a research report on Friday, June 28th.

ETR:NOEJ traded up €0.54 ($0.63) during trading hours on Friday, reaching €34.32 ($39.91). 80,078 shares of the company’s stock were exchanged, compared to its average volume of 99,678. The firm has a market cap of $1.09 billion and a price-to-earnings ratio of 12.70. The firm’s 50-day moving average is €35.76. The company has a quick ratio of 1.12, a current ratio of 1.78 and a debt-to-equity ratio of 99.36. Norma Group has a 1-year low of €33.70 ($39.19) and a 1-year high of €59.60 ($69.30).

About Norma Group

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.

Further Reading: Why do analysts give a neutral rating?

Analyst Recommendations for Norma Group (ETR:NOEJ)

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