Norma Group (ETR:NOEJ) has been given a €65.00 ($77.38) price target by equities researchers at Bank of America in a research note issued to investors on Friday. The firm presently has a “neutral” rating on the stock. Bank of America’s target price points to a potential upside of 1.33% from the stock’s current price.
A number of other brokerages have also recently commented on NOEJ. equinet set a €61.00 ($72.62) target price on Norma Group and gave the stock a “neutral” rating in a report on Monday, October 9th. Jefferies Group set a €65.00 ($77.38) target price on Norma Group and gave the stock a “buy” rating in a report on Monday, November 13th. Commerzbank set a €56.00 ($66.67) target price on Norma Group and gave the stock a “neutral” rating in a report on Wednesday, November 8th. Societe Generale set a €70.00 ($83.33) target price on Norma Group and gave the stock a “buy” rating in a report on Thursday, October 12th. Finally, Deutsche Bank set a €55.00 ($65.48) target price on Norma Group and gave the stock a “neutral” rating in a report on Thursday, November 9th. Ten research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of €60.40 ($71.90).
Norma Group (ETR NOEJ) traded up €0.65 ($0.77) during trading hours on Friday, reaching €64.15 ($76.37). The company’s stock had a trading volume of 164,562 shares, compared to its average volume of 62,688. Norma Group has a 1-year low of €39.95 ($47.56) and a 1-year high of €65.95 ($78.51). The company has a market cap of $2,050.00 and a P/E ratio of 25.06.
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, marine, off-road, pharma and biotech, and road applications.
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