Norma Group (ETR:NOEJ) Given a €27.00 Price Target at Bank of America
Norma Group (ETR:NOEJ) has been assigned a €27.00 ($31.40) price target by research analysts at Bank of America in a note issued to investors on Tuesday, Borsen Zeitung reports. The brokerage presently has a “sell” rating on the stock. Bank of America‘s target price indicates a potential downside of 12.22% from the stock’s current price.
A number of other brokerages have also recently issued reports on NOEJ. Kepler Capital Markets set a €35.00 ($40.70) price objective on shares of Norma Group and gave the stock a “neutral” rating in a report on Friday, June 28th. Hauck & Aufhaeuser set a €33.00 ($38.37) price objective on shares of Norma Group and gave the stock a “neutral” rating in a report on Friday, August 9th. DZ Bank reiterated a “buy” rating on shares of Norma Group in a report on Monday, July 22nd. HSBC set a €41.00 ($47.67) price objective on shares of Norma Group and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, Oddo Bhf set a €28.00 ($32.56) price objective on shares of Norma Group and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of €42.86 ($49.83).
ETR:NOEJ traded up €0.16 ($0.19) during trading hours on Tuesday, reaching €30.76 ($35.77). The company’s stock had a trading volume of 98,940 shares, compared to its average volume of 99,678. The company has a market cap of $969.89 million and a price-to-earnings ratio of 12.42. Norma Group has a one year low of €26.36 ($30.65) and a one year high of €56.05 ($65.17). The business’s 50-day moving average is €30.44 and its 200-day moving average is €35.51. The company has a debt-to-equity ratio of 107.34, a current ratio of 1.69 and a quick ratio of 1.07.
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.
Recommended Story: Derivative
Receive News & Ratings for Norma Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norma Group and related companies with MarketBeat.com's FREE daily email newsletter.