Kepler Capital Markets Reiterates €35.00 Price Target for Norma Group (ETR:NOEJ)

Norma Group (ETR:NOEJ) has been assigned a €35.00 ($40.70) price objective by Kepler Capital Markets in a research note issued on Friday, June 28th, Borsen Zeitung reports. The brokerage presently has a “neutral” rating on the stock. Kepler Capital Markets’ target price points to a potential upside of 12.83% from the company’s current price.

NOEJ has been the subject of several other research reports. Deutsche Bank boosted their price objective on Rockwell Automation from $173.00 to $186.00 and gave the company a “hold” rating in a report on Friday, April 26th. Warburg Research set a €125.00 ($145.35) target price on Sixt and gave the company a “buy” rating in a report on Thursday, May 9th. Oddo Bhf set a €30.00 ($34.88) price objective on Norma Group and gave the stock a “sell” rating in a report on Wednesday, June 26th. Jefferies Financial Group restated a “buy” rating and issued a C$15.00 price objective on shares of Aphria in a research report on Friday, May 24th. Finally, HSBC set a $122.00 price objective on shares of Tiffany & Co. and gave the company a “buy” rating in a research report on Friday, June 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of €47.36 ($55.07).

Shares of ETR:NOEJ traded down €3.06 ($3.56) on Friday, reaching €31.02 ($36.07). The company had a trading volume of 406,079 shares, compared to its average volume of 99,678. Norma Group has a 52-week low of €33.44 ($38.88) and a 52-week high of €59.60 ($69.30). The business has a 50 day moving average of €35.51. The firm has a market capitalization of $988.37 million and a price-to-earnings ratio of 11.48. The company has a quick ratio of 1.12, a current ratio of 1.78 and a debt-to-equity ratio of 99.36.

Norma Group Company Profile

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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