Norma Group (ETR:NOEJ) PT Set at €50.00 by Warburg Research

Norma Group (ETR:NOEJ) received a €50.00 ($58.14) price objective from Warburg Research in a research report issued to clients and investors on Friday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. Warburg Research’s price target indicates a potential upside of 31.37% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. Bankhaus Lampe set a €36.00 ($41.86) target price on Norma Group and gave the company a “buy” rating in a report on Wednesday, November 6th. Oddo Bhf set a €28.00 ($32.56) price objective on Norma Group and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Nord/LB set a €29.00 ($33.72) price objective on Norma Group and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Pareto Securities set a €36.00 ($41.86) price objective on Norma Group and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, HSBC set a €41.00 ($47.67) price objective on Norma Group and gave the stock a “neutral” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of €37.92 ($44.10).

Shares of ETR NOEJ traded up €0.14 ($0.16) during mid-day trading on Friday, hitting €38.06 ($44.26). The company had a trading volume of 76,926 shares, compared to its average volume of 99,678. The company has a market capitalization of $1.21 billion and a PE ratio of 16.30. The company has a debt-to-equity ratio of 97.52, a current ratio of 1.60 and a quick ratio of 1.03. Norma Group has a 1-year low of €26.36 ($30.65) and a 1-year high of €55.15 ($64.13). The business’s 50-day simple moving average is €32.87 and its 200 day simple moving average is €33.89.

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, irrigation, marine, off-road, pharma and biotech, and road applications.

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