Deutsche Bank set a €44.00 ($51.16) target price on Norma Group (ETR:NOEJ) in a research note published on Wednesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Several other equities research analysts also recently issued reports on the company. Hauck & Aufhaeuser set a €43.00 ($50.00) price target on Norma Group and gave the stock a neutral rating in a report on Wednesday, July 3rd. Nord/LB set a €35.00 ($40.70) price target on Deutsche Post and gave the stock a buy rating in a report on Tuesday, May 14th. Oddo Bhf set a €30.00 ($34.88) price objective on Norma Group and gave the stock a sell rating in a research report on Wednesday, June 26th. DZ Bank reissued a hold rating on shares of Continental in a research report on Friday, June 28th. Finally, Baader Bank set a €54.00 ($62.79) price objective on Norma Group and gave the stock a buy rating in a research report on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. Norma Group has an average rating of Hold and a consensus target price of €48.21 ($56.06).
Norma Group stock traded down €0.28 ($0.33) during trading on Wednesday, hitting €33.78 ($39.28). 61,901 shares of the company were exchanged, compared to its average volume of 99,678. The firm has a 50 day simple moving average of €35.77. Norma Group has a 52 week low of €33.70 ($39.19) and a 52 week high of €59.60 ($69.30). The company has a market capitalization of $1.08 billion and a P/E ratio of 12.50. The company has a debt-to-equity ratio of 99.36, a current ratio of 1.78 and a quick ratio of 1.12.
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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