DZ Bank reaffirmed their buy rating on shares of Norma Group (ETR:NOEJ) in a research report sent to investors on Friday morning, Borsen Zeitung reports.
A number of other brokerages also recently issued reports on NOEJ. 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 Thursday, May 9th. Bank of America set a €37.00 ($43.02) price target on shares of Norma Group and gave the stock a sell rating in a research report on Tuesday, May 14th. HSBC set a €48.00 ($55.81) price target on shares of Norma Group and gave the stock a buy rating in a research report on Friday, June 14th. Deutsche Bank set a €56.00 ($65.12) price target on shares of Norma Group and gave the stock a buy rating in a research report on Friday, April 12th. Finally, Oddo Bhf set a €30.00 ($34.88) price target on shares of Norma Group and gave the stock a sell rating in a research report on Wednesday, June 26th. Two analysts have rated six have issued a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of Hold and an average price target of €49.21 ($57.23).
NOEJ opened at €36.44 ($42.37) on Friday. Norma Group has a fifty-two week low of €33.70 ($39.19) and a fifty-two week high of €61.50 ($71.51). The company has a quick ratio of 1.12, a current ratio of 1.78 and a debt-to-equity ratio of 99.36. The company has a market cap of $1.16 billion and a price-to-earnings ratio of 13.48. The stock’s 50 day simple moving average is €36.32.
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.
