Baader Bank set a €50.00 ($58.82) target price on NORMA Group (ETR:NOEJ) in a research note issued to investors on Wednesday morning, Borsen Zeitung reports.
Several other equities research analysts have also recently weighed in on NOEJ. Deutsche Bank Aktiengesellschaft set a €33.00 ($38.82) price objective on NORMA Group in a research report on Wednesday, September 15th. Warburg Research set a €51.00 ($60.00) price objective on NORMA Group in a research report on Wednesday, September 15th. Nord/LB set a €45.00 ($52.94) price objective on NORMA Group in a research report on Tuesday, August 31st. Berenberg Bank set a €54.00 ($63.53) price objective on NORMA Group in a research report on Friday, September 17th. Finally, Hauck and Aufhaeuser set a €46.00 ($54.12) price objective on NORMA Group in a research report on Wednesday, September 15th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, NORMA Group has a consensus rating of Buy and an average price target of €43.63 ($51.32).
NOEJ opened at €36.32 ($42.73) on Wednesday. NORMA Group has a 1-year low of €25.26 ($29.72) and a 1-year high of €49.36 ($58.07). The company has a current ratio of 1.72, a quick ratio of 1.10 and a debt-to-equity ratio of 87.02. The stock has a market capitalization of $1.16 billion and a price-to-earnings ratio of 18.23. The business has a 50 day moving average of €42.27 and a 200-day moving average of €43.42.
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, air intake and induction, water management, aviation, marine, construction, off-road, pharma and biotech, and road applications.
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