Norma Group (ETR:NOEJ) Given a €41.00 Price Target at HSBC
HSBC set a €41.00 ($47.67) target price on Norma Group (ETR:NOEJ) in a report released on Monday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
A number of other brokerages have also recently commented on NOEJ. 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. DZ Bank reissued a buy rating on shares of Norma Group in a research note on Monday, July 22nd. 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. 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. 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 research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of €43.57 ($50.66).
Shares of Norma Group stock opened at €26.90 ($31.28) on Monday. The company has a debt-to-equity ratio of 107.34, a quick ratio of 1.07 and a current ratio of 1.69. Norma Group has a 52 week low of €27.40 ($31.86) and a 52 week high of €59.50 ($69.19). The stock has a 50 day moving average price of €32.37 and a two-hundred day moving average price of €39.54. The stock has a market capitalization of $857.10 million and a PE ratio of 10.86.
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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