Baader Bank Reiterates “€62.00” Price Target for Norma Group (NOEJ)

Norma Group (ETR:NOEJ) has been assigned a €62.00 ($72.09) price objective by equities research analysts at Baader Bank in a report released on Wednesday. The brokerage currently has a “buy” rating on the stock. Baader Bank’s price objective points to a potential upside of 36.32% from the company’s current price.

Several other equities analysts have also recently issued reports on the stock. Hauck & Aufhaeuser set a €57.00 ($66.28) price target on shares of Norma Group and gave the company a “buy” rating in a research report on Wednesday. Berenberg Bank set a €53.00 ($61.63) price target on shares of Norma Group and gave the company a “neutral” rating in a research report on Tuesday, January 29th. Bank of America set a €43.00 ($50.00) price objective on shares of Norma Group and gave the stock a “sell” rating in a report on Tuesday, December 11th. HSBC set a €57.00 ($66.28) price objective on shares of Norma Group and gave the stock a “buy” rating in a report on Wednesday, December 5th. Finally, DZ Bank restated a “buy” rating on shares of Norma Group in a report on Tuesday, November 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. Norma Group has a consensus rating of “Buy” and a consensus price target of €56.62 ($65.83).

Shares of ETR NOEJ opened at €45.48 ($52.88) on Wednesday. Norma Group has a 1 year low of €40.10 ($46.63) and a 1 year high of €65.95 ($76.69).

Norma Group Company Profile

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.

Further Reading: How is net asset value different from market price?

Analyst Recommendations for Norma Group (ETR:NOEJ)

Receive News & Ratings for Norma Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Norma Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply