01 April 2025

Can the free fall still be stopped?

Norma Group SE

Target price

 

Recommendation

 

Buy

04 September 2024

‘Improvements’ simply do not reach investors

Norma Group SE

Target price

 

Recommendation

 

Buy

25 March 2024

Still too early to buy

Norma Group SE

Target price

 

Recommendation

 

Buy

09 August 2023

One swallow does not make a summer

Norma Group SE

Target price

 

Recommendation

 

Buy

11 May 2023

Stop talking, act now and efficiently

Norma Group SE

Target price

 

Recommendation

 

Buy

01 November 2022

Solid Q3, new CEO still pending

Norma Group SE

Target price

 

Recommendation

 

Buy

14 August 2022

Who cares about NOVA?

Norma Group SE

Target price

 

Recommendation

 

Buy

04 May 2022

FY profit warning not ruled out in the course of this year

Norma Group SE

Target price

 

Recommendation

 

Buy

02 November 2021

Lack of share price catalysts

Norma Group SE

Target price

 

Recommendation

 

Buy

03 August 2021

So far no buying catalysts - Neutral

Norma Group SE

Target price

 

Recommendation

 

Buy

05 May 2021

Back to 15% margin level! Wait until!

Norma Group SE

Target price

 

Recommendation

 

Buy

23 March 2021

Promising 2021 outlook but valuation uptrend left – Downside risk Europe

Norma Group SE

Target price

 

Recommendation

 

Buy

03 November 2020

2020 is done; watch 2021 prospects

Norma Group SE

Target price

 

Recommendation

 

Buy

24 March 2020

Free cash flow also positive in crisis

Norma Group SE

Target price

 

Recommendation

 

Buy

11 February 2020

Tipping-point - Speculative BUY

Norma Group SE

Target price

 

Recommendation

 

Buy

11 November 2019

When the markets play crazy then HOLD

Norma Group SE

Target price

 

Recommendation

 

Buy

03 October 2019

Looming macro-picture – Next sales warning around the corner?

Norma Group SE

Target price

 

Recommendation

 

Buy

22 July 2019

Valuation reaches 2011/12 levels, but no trend reversal visible

Norma Group SE

Target price

 

Recommendation

 

Buy

20 March 2019

2019 outlook okay, but not a catalyst

Norma Group SE

Target price

 

Recommendation

 

Buy

06 November 2018

FY 18 profitability outlook at risk – Q4 seasonally the weakest in the year

Norma Group SE

Target price

 

Recommendation

 

Buy

26 July 2018

Commodity prices dragging down FY adj. EBITA margin firstly under 17%

Norma Group SE

Target price

 

Recommendation

 

Buy

10 June 2018

Limited upside potential

Norma Group SE

Target price

 

Recommendation

 

Buy

06 May 2018

For FY 2018 stronger organic sales growth expected – TP upped to €70

Norma Group SE

Target price

 

Recommendation

 

Buy

12 April 2018

Initiation: Track record: Sales growth in 19 of 20 years with high margins

Norma Group SE

Target price

 

Recommendation

 

Buy