HSBC Analysts Give Norma Group (ETR:NOEJ) a €48.00 Price Target

Norma Group (ETR:NOEJ) received a €48.00 ($55.81) price objective from analysts at HSBC in a research report issued to clients and investors on Friday, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. HSBC’s price target would indicate a potential upside of 32.89% from the stock’s previous close.

NOEJ has been the topic of several other research reports. Baader Bank set a €62.00 ($72.09) price target on shares of Norma Group and gave the company a “buy” rating in a research note on Wednesday, March 20th. Warburg Research set a €62.00 ($72.09) price target on shares of Norma Group and gave the company a “buy” rating in a research note on Friday, April 26th. Nord/LB set a €46.00 ($53.49) price target on shares of Norma Group and gave the company a “neutral” rating in a research note on Tuesday, February 19th. Deutsche Bank set a €56.00 ($65.12) price target on shares of Norma Group and gave the company a “buy” rating in a research note on Thursday, March 21st. Finally, Jefferies Financial Group set a €53.00 ($61.63) price target on shares of Norma Group and gave the company a “buy” rating in a research note on Friday, May 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of €51.08 ($59.39).

Shares of ETR NOEJ opened at €36.12 ($42.00) on Friday. The company has a current ratio of 1.78, a quick ratio of 1.12 and a debt-to-equity ratio of 99.36. Norma Group has a 52-week low of €33.70 ($39.19) and a 52-week high of €70.15 ($81.57). The stock has a market capitalization of $1.15 billion and a price-to-earnings ratio of 13.36.

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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