Norma stock gets a Hold rating as Deutsche Bank keeps EUR 17 target

Published on 10/08/2026 at 09:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Norma stock traded at EUR 15.30 on Xetra on October 8, 2026, down 1.92 percent. Q2 revenue reached EUR 211.8 million, with adjusted EBIT at EUR 7.6 million.

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Norma stock (ISIN DE000A1H8BV3) was trading at EUR 15.30 on Xetra on October 8, 2026, at 9:26 a.m. CEST, down EUR 0.30 or 1.92 percent from the EUR 15.60 prior close. As Markets Insider reported on October 7, 2026, Deutsche Bank maintained a Hold rating and a EUR 17.00 price target.

Deutsche Bank keeps a cautious view

The EUR 17.00 target stands EUR 1.70 above the Xetra price, a 11.1 percent premium to the October 8 quotation. That gap gives the analyst call a concrete benchmark, while the unchanged Hold rating points to a balanced assessment rather than a fresh upgrade.

Markets Insider also reported a Strong Buy consensus from TipRanks with an average price target of EUR 21.00. The consensus target is 37.3 percent above the October 8 price, but the published overview did not identify the number of covering analysts or the high and low targets.

Q2 margin improves as revenue falls

Norma reported Q2 2026 revenue of EUR 211.8 million and net profit of EUR 567 thousand, according to Markets Insider on October 7, 2026. Revenue was 27.1 percent below the EUR 290.38 million reported for the prior-year quarter, while net profit fell from EUR 5.19 million.

The company had a stronger operating metric in the same quarter. NORMA Group reported adjusted EBIT of EUR 7.6 million and an adjusted EBIT margin of 3.6 percent for Q2 2026, with Industry Applications growing 8.4 percent after currency effects. The company also confirmed its fiscal-year 2026 forecast.

Strategy date approaches

NORMA Group completed a EUR 208 million share buyback on September 18, 2026, acquiring 9,306,113 treasury shares equal to 29.21 percent of current share capital, according to NORMA Group. The shares are scheduled for cancellation under the resolution approved on July 1, 2026, reducing the number of shares participating in future earnings.

The company will use its October 19, 2026, Strategy Update to outline mid-term targets and future capital allocation. Its Q3 2026 interim statement is scheduled for November 3, 2026, giving investors two dated checkpoints for the transformation and the confirmed full-year forecast.

Norma stock remains below its yearly high

Norma stock was trading at EUR 15.30 on Xetra on October 8, 2026, with a session range of EUR 15.30 to EUR 15.70. Its 52-week range was EUR 10.62 to EUR 21.15, while market capitalization stood at EUR 487.5 million and volume reached 7,999 shares.