Norma Group (ETR:NOEJ) PT Set at €41.00 by HSBC

Norma Group (ETR:NOEJ) has been given a €41.00 ($47.67) price target by stock analysts at HSBC in a report issued on Friday, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. HSBC’s price target indicates a potential upside of 7.72% from the company’s previous close.

A number of other brokerages have also commented on NOEJ. Oddo Bhf set a €28.00 ($32.56) price target on shares of Norma Group and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Berenberg Bank set a €52.00 ($60.47) price target on shares of Norma Group and gave the company a “buy” rating in a research note on Wednesday. Warburg Research set a €40.00 ($46.51) price target on shares of Norma Group and gave the company a “buy” rating in a research note on Wednesday, November 6th. Pareto Securities set a €36.00 ($41.86) price target on shares of Norma Group and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Bankhaus Lampe set a €36.00 ($41.86) price target on shares of Norma Group and gave the company a “buy” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Norma Group currently has a consensus rating of “Hold” and a consensus price target of €37.92 ($44.10).

NOEJ stock traded up €0.14 ($0.16) during midday trading on Friday, reaching €38.06 ($44.26). 76,926 shares of the company’s stock traded hands, compared to its average volume of 99,678. The company has a market cap of $1.21 billion and a price-to-earnings ratio of 16.30. The firm’s fifty day moving average price is €32.87 and its 200-day moving average price is €33.89. The company has a quick ratio of 1.03, a current ratio of 1.60 and a debt-to-equity ratio of 97.52. Norma Group has a 52 week low of €26.36 ($30.65) and a 52 week high of €55.15 ($64.13).

Norma Group Company Profile

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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Analyst Recommendations for Norma Group (ETR:NOEJ)

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