Analysts Set Norma Group SE (NOEJ) PT at $60.08

Norma Group SE (ETR:NOEJ) has been assigned an average recommendation of “Buy” from the fourteen ratings firms that are currently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is €59.69 ($69.41).

Several brokerages recently issued reports on NOEJ. Nord/LB set a €50.00 ($58.14) price objective on Norma Group and gave the stock a “neutral” rating in a research note on Monday. Baader Bank set a €62.00 ($72.09) price objective on Norma Group and gave the stock a “buy” rating in a research note on Friday, November 16th. Warburg Research set a €61.00 ($70.93) price objective on Norma Group and gave the stock a “buy” rating in a research note on Tuesday, November 13th. Jefferies Financial Group set a €69.00 ($80.23) price objective on Norma Group and gave the stock a “buy” rating in a research note on Monday, November 12th. Finally, equinet set a €51.00 ($59.30) price objective on Norma Group and gave the stock a “neutral” rating in a research note on Thursday, November 8th.

Shares of NOEJ traded up €0.34 ($0.40) during mid-day trading on Friday, reaching €49.20 ($57.21). 96,242 shares of the company’s stock traded hands, compared to its average volume of 99,678. Norma Group has a 12 month low of €40.10 ($46.63) and a 12 month high of €65.95 ($76.69).

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.

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Analyst Recommendations for Norma Group (ETR:NOEJ)

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