Baader Bank Reiterates “€38.00” Price Target for Norma Group (ETR:NOEJ)

Baader Bank set a €38.00 ($44.19) price target on Norma Group (ETR:NOEJ) in a research note published on Wednesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Other research analysts have also issued reports about the company. Kepler Capital Markets set a €28.00 ($32.56) price objective on Norma Group and gave the stock a neutral rating in a research report on Thursday, November 14th. Nord/LB set a €35.00 ($40.70) price objective on Norma Group and gave the stock a neutral rating in a research report on Friday, November 29th. Bankhaus Lampe set a €36.00 ($41.86) price objective on Norma Group and gave the stock a buy rating in a research report on Wednesday, November 6th. Hauck & Aufhaeuser set a €31.00 ($36.05) price objective on Norma Group and gave the stock a neutral rating in a research report on Thursday, January 23rd. Finally, Berenberg Bank set a €49.00 ($56.98) price objective on Norma Group and gave the stock a buy rating in a research report on Monday, February 10th. One equities 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. The stock presently has an average rating of Hold and a consensus target price of €38.38 ($44.63).

Shares of Norma Group stock opened at €36.24 ($42.14) on Wednesday. The firm has a market capitalization of $1.15 billion and a price-to-earnings ratio of 15.54. Norma Group has a fifty-two week low of €26.36 ($30.65) and a fifty-two week high of €49.26 ($57.28). The company has a debt-to-equity ratio of 99.54, a quick ratio of 1.03 and a current ratio of 1.60. The stock has a 50 day moving average of €36.17 and a 200 day moving average of €33.98.

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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