NORMA Group SE Stock Forecast

Stock Price Forecast

According to 6 analysts polled by S&P Global, NORMA Group SE stock has a consensus rating of "Buy" and an average price target of €17.44. The average 1-year stock price forecast is 1.80% lower than the current stock price, while the lowest is €13.00 (-26.80%) and the highest is €23.00 (+29.50%).

Price Target: €17.44 (-1.80%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	€13.00	€17.44	€16.00	€23.00
Change	-26.80%	-1.80%	-9.91%	+29.50%

* Price targets were last updated on May 6, 2026.

Analyst Ratings

The average analyst rating for NORMA Group SE stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	2	2	2	2	2	2
Buy	2	2	2	2	1	1
Hold	3	3	3	3	3	3
Sell	0	0	0	0	0	0
Strong Sell	1	0	0	0	0	0
Total	8	7	7	7	6	6

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Thorsten Reigber DZ BANK AG	DZ BANK AG	Buy Maintains n/a	Buy	Maintains	n/a	n/a	May 8, 2026
Yasmin Steilen Berenberg Bank	Berenberg Bank	Buy Maintains €20.00	Buy	Maintains	€20.00	+12.61%	May 6, 2026
Nikita Lal Deutsche Bank	Deutsche Bank	Hold Maintains €13.00	Hold	Maintains	€13.00	-26.80%	May 6, 2026

Financial Forecast

Revenue This Year

829.46M

from 825.30M

0.50%

from 825.30M

Revenue Next Year

865.40M

from 829.46M

4.33%

from 829.46M

EPS This Year

0.65

from -0.97

EPS Next Year

0.91

from 0.65

38.96%

from 0.65

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	1.09B	1.25B	1.23B	887.40M	825.30M	829.46M
Revenue Growth	14.54%	13.78%	-1.61%	-27.61%	-7.00%	0.50%
Gross Profit	608.82M	661.48M	664.95M	482.90M	448.17M	427.17M
Gross Margin	55.60%	53.10%	54.25%	54.42%	54.30%	51.50%
Operating Income	91.90M	71.66M	76.42M	20.62M	-78.08M	23.10M
Net Income	55.93M	39.07M	27.83M	14.70M	-81.75M	169.00M
EPS	-	-	-	-	-0.97	0.65
Forward PE	12.11	7.34	10.40	10.23	-	27.12
Dividend / Share	0.75	0.55	0.45	0.40	0.14	0.43
Dividend Growth	-	-26.67%	-18.18%	-11.11%	-65.00%	206.93%
Free Cash Flow	41.67M	24.40M	50.02M	41.46M	-288.65M	-381.00M
No. Analysts	-	-	-	-	-	6

EPS and Forward PE are based on non-GAAP adjusted numbers. Financial currency is EUR.

Revenue Forecast

Revenue	2026	2027	2028
High	838.0M
Avg	829.5M
Low	825.8M

Revenue Growth

Revenue Growth	2026	2027	2028
High	1.5%
Avg	0.5%
Low	0.1%

EPS Forecast

EPS	2026	2027	2028
High	0.80
Avg	0.65
Low	0.51

EPS Growth

EPS Growth	2026	2027	2028
High	-
Avg	-
Low	-