Goldman Sachs Group set a €10.60 ($12.33) price target on Nordex (ETR:NDX1) in a research note published on Tuesday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Other research analysts also recently issued research reports about the company. Bank of America set a €7.50 ($8.72) target price on Nordex and gave the stock a sell rating in a research note on Friday, September 6th. Independent Research set a €10.00 ($11.63) target price on Nordex and gave the stock a neutral rating in a research note on Thursday, August 29th. HSBC set a €10.20 ($11.86) target price on Nordex and gave the stock a neutral rating in a research note on Wednesday, August 7th. Nord/LB set a €13.00 ($15.12) target price on Nordex and gave the stock a buy rating in a research note on Tuesday, August 20th. Finally, Macquarie set a €14.50 ($16.86) target price on Nordex and gave the stock a buy rating in a research note on Monday, September 9th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of €10.35 ($12.03).
Shares of NDX1 stock opened at €10.45 ($12.15) on Tuesday. The company has a debt-to-equity ratio of 104.07, a quick ratio of 0.44 and a current ratio of 1.07. The stock has a market cap of $1.00 billion and a price-to-earnings ratio of -10.24. Nordex has a 52-week low of €7.11 ($8.27) and a 52-week high of €15.75 ($18.31). The firm has a fifty day moving average of €9.80 and a 200-day moving average of €12.27.
Nordex SE, together with its subsidiaries, develops, manufactures, and distributes multi-megawatt onshore wind turbines worldwide. It 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.
Further Reading: What is a SEC Filing?
Receive News & Ratings for Nordex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordex and related companies with MarketBeat.com's FREE daily email newsletter.