Continuous and transparent dialogue with analysts is a central element of investor relations work. As of December 31, 2025, NORMA Group was covered by eleven analysts from various banks and research institutes. Of these, seven analysts issued a buy recommendation for the share, while three analysts recommended holding the share. One analyst recommended selling the share. The average target price at the end of 2025 was EUR 16.55 (previous year: EUR 18.51).
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NORMA Group analysts and recommendations as of December 31, 2025 |
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Institute | Analyst | Target price | Recommendation |
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Baader Bank | Volker Bosse | EUR 15.00 | Add |
Bankhaus Metzler | Pal Skirta | EUR 20.00 | Buy |
Berenberg Bank | Yasmin Steilen | EUR 20.00 | Buy |
Deutsche Bank AG | Nikita Papaccio | EUR 12.00 | Hold |
DZ Bank AG | Thorsten Reigber | EUR 16.00 | Buy |
Hauck & Aufhäuser | Jorge Gonzalez Sadornil | EUR 21.00 | Buy |
Kepler Cheuvreux | Dr. Hans-Joachim Heimbürger | EUR 15.00 | Hold |
mwb research | Leon Mühlenbruch | EUR 20.00 | Buy |
ODDO BHF | Klaus Ringel | EUR 15.20 | Hold |
Quirin Privatbank | Daniel Kukalj | EUR 7.90 | Sell |
Warburg Research GmbH | Marc-René Tonn | EUR 20.00 | Buy |
Investor Relations at NORMA Group honored yet again in the “Investors’ Darling” competition
NORMA Group was awarded first place in this year’s “Investors’ Darling” ranking out of 70 companies in the SDAX. The Group also received three other special awards, recognizing outstanding performance by companies listed in the Prime Standard as part of the “Investors’ Darling” competition. Particular recognition was given to the areas of reporting, digital communications, and investor relations.
Legend
These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.