NORMA Group (ETR:NOEJ) has been given a €56.00 ($66.67) target price by investment analysts at Berenberg Bank in a research note issued on Thursday. The brokerage currently has a “neutral” rating on the stock. Berenberg Bank’s target price would indicate a potential downside of 0.57% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. equinet set a €61.00 ($72.62) price objective on shares of NORMA Group and gave the stock a “neutral” rating in a report on Monday, October 9th. Commerzbank set a €56.00 ($66.67) price objective on shares of NORMA Group and gave the stock a “neutral” rating in a report on Wednesday, August 9th. Jefferies Group set a €57.00 ($67.86) price target on shares of NORMA Group and gave the company a “buy” rating in a report on Thursday, August 10th. Baader Bank set a €56.00 ($66.67) price target on shares of NORMA Group and gave the company a “buy” rating in a report on Wednesday, August 9th. Finally, Nord/LB set a €49.00 ($58.33) price target on shares of NORMA Group and gave the company a “neutral” rating in a report on Thursday, August 17th. Ten equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. NORMA Group has an average rating of “Hold” and a consensus price target of €58.79 ($69.98).
Shares of NORMA Group (ETR:NOEJ) opened at €56.32 ($67.05) on Thursday. NORMA Group has a fifty-two week low of €36.35 ($43.27) and a fifty-two week high of €63.79 ($75.94).
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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