equinet AG Reiterates €61.00 Price Target for Norma Group SE (ETR:NOEJ)
Norma Group SE (ETR:NOEJ) has been assigned a €61.00 ($71.76) price target by equities researchers at equinet AG in a research note issued to investors on Wednesday. The firm presently has a “buy” rating on the stock.
Several other equities research analysts have also recently commented on the stock. HSBC Holdings plc set a €54.00 ($63.53) price target on shares of Norma Group SE and gave the stock a “buy” rating in a research report on Friday, June 30th. Nord/LB set a €45.00 ($52.94) price target on shares of Norma Group SE and gave the stock a “neutral” rating in a research report on Wednesday, May 24th. Deutsche Bank AG set a €53.00 ($62.35) price target on shares of Norma Group SE and gave the stock a “buy” rating in a research report on Tuesday, June 6th. DZ Bank AG reissued a “buy” rating on shares of Norma Group SE in a research report on Monday, May 29th. Finally, Hauck & Aufhaeuser set a €52.00 ($61.18) price target on shares of Norma Group SE and gave the stock a “neutral” rating in a research report on Tuesday, June 13th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of €55.36 ($65.13).
Norma Group SE (ETR NOEJ) opened at 51.50 on Wednesday. Norma Group SE has a 52-week low of €35.31 and a 52-week high of €54.90. The firm’s 50-day moving average is €49.71 and its 200 day moving average is €46.01. The firm has a market capitalization of €1.64 billion and a P/E ratio of 20.87.
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About Norma Group SE
Norma Group SE is a Germany-based manufacturer of engineered joining technology solutions. The Company focuses on three product categories: Clamp, Connect and Fluid. The Clamp product portfolio comprises clamp products manufactured from unalloyed steels or stainless steel for joining or sealing elastomer hoses.
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