Nordex SE (NDX1) Receives €8.91 Consensus Target Price from Brokerages

Nordex SE (ETR:NDX1) has been assigned a consensus recommendation of “Hold” from the fourteen ratings firms that are currently covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is €8.97 ($10.43).

Several analysts have issued reports on NDX1 shares. Goldman Sachs Group set a €10.00 ($11.63) target price on Nordex and gave the company a “neutral” rating in a research note on Wednesday, October 31st. HSBC set a €7.10 ($8.26) target price on Nordex and gave the company a “sell” rating in a research note on Wednesday, October 31st. Citigroup set a €7.60 ($8.84) target price on Nordex and gave the company a “sell” rating in a research note on Tuesday, November 13th. Commerzbank set a €10.00 ($11.63) target price on Nordex and gave the company a “neutral” rating in a research note on Tuesday, November 13th. Finally, Kepler Capital Markets set a €7.50 ($8.72) target price on Nordex and gave the company a “sell” rating in a research note on Tuesday, November 13th.

Shares of NDX1 traded down €0.01 ($0.01) during mid-day trading on Friday, hitting €8.16 ($9.49). The stock had a trading volume of 533,923 shares, compared to its average volume of 484,965. Nordex has a 52 week low of €7.09 ($8.24) and a 52 week high of €14.35 ($16.69).

Nordex Company Profile

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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