Norma Group (ETR:NOEJ) has been given a €56.00 ($69.14) target price by research analysts at Commerzbank in a research note issued on Wednesday. The brokerage presently has a “neutral” rating on the stock. Commerzbank’s target price suggests a potential downside of 4.44% from the company’s previous close.
A number of other equities analysts have also recently commented on NOEJ. Baader Bank set a €61.00 ($75.31) target price on Norma Group and gave the company a “buy” rating in a report on Monday, October 30th. Jefferies Group set a €65.00 ($80.25) target price on Norma Group and gave the company a “buy” rating in a report on Monday, November 13th. Kepler Capital Markets set a €59.00 ($72.84) target price on Norma Group and gave the company a “neutral” rating in a report on Tuesday, November 14th. Hauck & Aufhaeuser set a €61.00 ($75.31) price target on Norma Group and gave the company a “neutral” rating in a report on Wednesday, November 1st. Finally, DZ Bank reaffirmed a “buy” rating on shares of Norma Group in a report on Friday, November 10th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of €61.07 ($75.39).
Norma Group (ETR NOEJ) opened at €58.60 ($72.35) on Wednesday. Norma Group has a fifty-two week low of €40.10 ($49.51) and a fifty-two week high of €65.95 ($81.42). The company has a market capitalization of $1,870.00 and a P/E ratio of 22.89.
ILLEGAL ACTIVITY NOTICE: This article was first reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another website, it was stolen and reposted in violation of United States and international trademark and copyright laws. The correct version of this article can be accessed at https://www.dispatchtribunal.com/2018/02/16/norma-group-noej-pt-set-at-56-00-by-commerzbank.html.
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, marine, off-road, pharma and biotech, and road applications.
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.