HSBC Reiterates “€57.00” Price Target for Norma Group (NOEJ)

HSBC set a €57.00 ($66.28) price objective on Norma Group (ETR:NOEJ) in a research note issued to investors on Wednesday. The firm currently has a buy rating on the stock.

Several other equities analysts also recently commented on NOEJ. Baader Bank set a €62.00 ($72.09) target price on Norma Group and gave the stock a buy rating in a research report on Friday, November 16th. DZ Bank restated a buy rating on shares of Norma Group in a research report on Tuesday, November 27th. equinet set a €51.00 ($59.30) target price on Norma Group and gave the stock a neutral rating in a research report on Thursday, November 8th. Warburg Research set a €61.00 ($70.93) target price on Norma Group and gave the stock a buy rating in a research report on Tuesday, November 13th. Finally, Jefferies Financial Group set a €69.00 ($80.23) target price on Norma Group and gave the stock a buy rating in a research report on Monday, November 12th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average target price of €59.69 ($69.41).

Norma Group stock opened at €48.86 ($56.81) on Wednesday. Norma Group has a one year low of €40.10 ($46.63) and a one year 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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