November 28, 2016 - By Ellis Scott
In a an analyst note revealed to clients and investors on Sunday morning, Joh. Berenberg Gossler & Co. KG increased shares of NORMA Group (ETR:NOEJ) to a Buy rating. Joh. Berenberg Gossler & Co. KG currently has a EUR 45.00 target price on the stock. The firm target price would indicate a potential upside of 21.29% from NORMA Group (ETR:NOEJ)‘s current price.
Out of 20 analysts covering NORMA Group (ETR:NOEJ), 17 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 85% are positive. €60 is the highest target while €42 is the lowest. The €51.50 average target is 39.34% above today’s (€36.96) stock price. NORMA Group has been the topic of 76 analyst reports since July 17, 2015 according to StockzIntelligence Inc. Kepler Cheuvreux upgraded the stock to “Buy” rating in Wednesday, January 6 report. The stock of Norma Group SE (ETR:NOEJ) has “Buy” rating given on Tuesday, January 19 by Hauck & Aufhäuser Privatbankiers KGaA. The company was upgraded on Thursday, August 4 by Kepler Cheuvreux. The firm has “Buy” rating by Hauck & Aufhäuser Privatbankiers KGaA given on Wednesday, March 30. The company was upgraded on Friday, February 19 by Oddo & Cie. The firm has “Hold” rating by Warburg Research given on Thursday, November 5. The firm has “Reduce” rating by Commerzbank given on Thursday, September 1. The stock of Norma Group SE (ETR:NOEJ) earned “Buy” rating by Hauck & Aufhäuser Privatbankiers KGaA on Thursday, February 18. On Saturday, November 12 the stock rating was upgraded by Baader Wertpapierhandelsbank to “Buy”. Commerzbank downgraded Norma Group SE (ETR:NOEJ) on Tuesday, August 2 to “Reduce” rating.
About 8,256 shares traded hands. Norma Group SE (ETR:NOEJ) has declined 23.61% since April 15, 2016 and is downtrending. It has underperformed by 29.62% the S&P500.
NORMA Group SE is a Germany-based company, which makes and markets engineered joining technology solutions. The company has a market cap of 1.18 billion EUR. It offers solutions in three product categories: CLAMP, including fastening clips and clamps, CONNECT, embracing joining elements, as well as FLUID, standing for connections and fluid systems. It has a 14.94 P/E ratio. The Firm is also concentrated on manufacturing and wholesaling plastic products.
More notable recent Norma Group SE (ETR:NOEJ) news were published by: Prnewswire.com which released: “NORMA Group Supports World Toilet Day with School Project in India” on November 18, 2016, also Businesswire.com with their article: “NORMA Group SE to acquire the Autoline quick connectors business from Parker” published on June 24, 2016, Prnewswire.com published: “NORMA Group SE on a solid growth path after nine months” on November 04, 2015. More interesting news about Norma Group SE (ETR:NOEJ) were released by: Businesswire.com and their article: “NORMA Group’s Breeze and Torca Products on Display at SEMA/AAPEX” published on October 27, 2016 as well as Businesswire.com‘s news article titled: “NORMA Group SE to acquire National Diversified Sales, Inc., based in Woodland …” with publication date: October 08, 2014.
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By Ellis Scott