Independent Research Reiterates “€8.40” Price Target for Nordex (NDX1)

Nordex (ETR:NDX1) received a €8.40 ($9.55) price target from stock analysts at Independent Research in a report issued on Wednesday. The firm currently has a “sell” rating on the stock. Independent Research’s price target would indicate a potential upside of 0.43% from the stock’s current price.

Several other equities analysts have also weighed in on the stock. Commerzbank set a €10.00 ($11.36) price objective on shares of Nordex and gave the company a “neutral” rating in a report on Monday, July 23rd. Citigroup set a €7.60 ($8.64) price objective on shares of Nordex and gave the company a “sell” rating in a report on Tuesday, June 26th. Goldman Sachs Group set a €7.00 ($7.95) price objective on shares of Nordex and gave the company a “sell” rating in a report on Monday, July 2nd. Main First Bank set a €10.50 ($11.93) price objective on shares of Nordex and gave the company a “buy” rating in a report on Wednesday, July 4th. Finally, Societe Generale set a €9.30 ($10.57) price objective on shares of Nordex and gave the company a “neutral” rating in a report on Wednesday. Nine analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of €8.42 ($9.57).

Shares of ETR NDX1 opened at €8.36 ($9.50) on Wednesday. Nordex has a 1-year low of €7.09 ($8.06) and a 1-year high of €14.35 ($16.31).

About Nordex

Nordex SE, together with its subsidiaries, develops, manufactures, and distributes multi-megawatt wind turbines worldwide. The company also provides project development services, as well as acquires rights and creates the infrastructure required to construct wind power systems at suitable locations. In addition, the company offers planning, delivery, installation, and commissioning of various electrical and technical automation systems, as well as the infrastructural measures required for wind turbines.

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Analyst Recommendations for Nordex (ETR:NDX1)

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