Norma Group (NOEJ) PT Set at €62.00 by Baader Bank
Norma Group (ETR:NOEJ) has been given a €62.00 ($72.09) price target by investment analysts at Baader Bank in a research note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the stock. Baader Bank’s target price indicates a potential upside of 35.96% from the company’s previous close.
A number of other research analysts also recently commented on NOEJ. HSBC set a €57.00 ($66.28) target price on Norma Group and gave the company a “buy” rating in a research note on Wednesday, December 5th. Nord/LB set a €50.00 ($58.14) target price on Norma Group and gave the company a “neutral” rating in a research note on Monday, November 26th. DZ Bank restated a “buy” rating on shares of Norma Group in a research note on Tuesday, November 27th. Kepler Capital Markets set a €43.00 ($50.00) target price on Norma Group and gave the company a “neutral” rating in a research note on Wednesday, February 13th. Finally, Berenberg Bank set a €53.00 ($61.63) target price on Norma Group and gave the company a “neutral” rating in a research note on Wednesday, February 13th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of €55.62 ($64.67).
Shares of NOEJ stock opened at €45.60 ($53.02) on Wednesday. Norma Group has a 1-year low of €40.44 ($47.02) and a 1-year high of €70.15 ($81.57). The company has a current ratio of 2.57, a quick ratio of 1.56 and a debt-to-equity ratio of 101.02. The firm has a market cap of $1.45 billion and a PE ratio of 11.87.
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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