Norma Group (ETR:NOEJ) Given a €41.00 Price Target at HSBC

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HSBC set a €41.00 ($47.67) price target on Norma Group (ETR:NOEJ) in a research note issued to investors on Monday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

Several other analysts have also weighed in on NOEJ. Baader Bank set a €42.00 ($48.84) price objective on Norma Group and gave the company a buy rating in a research note on Friday, July 19th. Bank of America set a €37.00 ($43.02) price objective on Norma Group and gave the company a sell rating in a research note on Tuesday, May 14th. Deutsche Bank set a €40.00 ($46.51) price objective on Norma Group and gave the company a neutral rating in a research note on Friday, August 9th. Kepler Capital Markets set a €35.00 ($40.70) price objective on Norma Group and gave the company a neutral rating in a research note on Friday, June 28th. Finally, Warburg Research set a €42.00 ($48.84) price objective on Norma Group and gave the company a buy rating in a research note on Tuesday, August 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of €43.57 ($50.66).

NOEJ opened at €26.90 ($31.28) on Monday. The firm has a market cap of $857.10 million and a P/E ratio of 10.86. Norma Group has a 52-week low of €27.40 ($31.86) and a 52-week high of €59.50 ($69.19). The company has a debt-to-equity ratio of 107.34, a quick ratio of 1.07 and a current ratio of 1.69. The business’s fifty day moving average is €32.37 and its 200-day moving average is €39.54.

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.

See Also: Return on Equity (ROE)

Analyst Recommendations for Norma Group (ETR:NOEJ)

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