Deutsche Bank Analysts Give Norma Group (NOEJ) a €56.00 Price Target
Deutsche Bank set a €56.00 ($65.12) price objective on Norma Group (ETR:NOEJ) in a research note released on Friday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
NOEJ has been the topic of several other reports. Warburg Research set a €62.00 ($72.09) price target on shares of Norma Group and gave the stock a buy rating in a research report on Tuesday, March 26th. Bank of America set a €41.00 ($47.67) price target on shares of Norma Group and gave the stock a sell rating in a research report on Wednesday, April 3rd. Hauck & Aufhaeuser set a €57.00 ($66.28) price target on shares of Norma Group and gave the stock a buy rating in a research report on Wednesday, February 13th. HSBC set a €57.00 ($66.28) price target on shares of Norma Group and gave the stock a buy rating in a research report on Thursday, March 7th. Finally, Berenberg Bank set a €53.00 ($61.63) price target on shares of Norma Group and gave the stock a neutral rating in a research report on Tuesday, January 29th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of €55.54 ($64.58).
NOEJ opened at €46.12 ($53.63) on Friday. The company has a debt-to-equity ratio of 101.24, a quick ratio of 1.10 and a current ratio of 1.71. Norma Group has a 1-year low of €40.44 ($47.02) and a 1-year high of €70.15 ($81.57). The company has a market capitalization of $1.47 billion and a price-to-earnings ratio of 16.00.
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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