Independent Research set a €7.70 ($9.51) target price on Nordex (ETR:NDX1) in a report issued on Friday. The brokerage currently has a sell rating on the stock.
Several other research firms also recently issued reports on NDX1. Barclays set a €8.50 ($10.49) price objective on shares of Nordex and gave the company a sell rating in a report on Wednesday, March 14th. Goldman Sachs set a €5.00 ($6.17) price objective on shares of Nordex and gave the company a sell rating in a report on Tuesday, February 27th. Commerzbank set a €9.00 ($11.11) price objective on shares of Nordex and gave the company a neutral rating in a report on Tuesday, March 27th. Warburg Research set a €10.00 ($12.35) price objective on shares of Nordex and gave the company a buy rating in a report on Monday, March 26th. Finally, Main First Bank set a €8.50 ($10.49) price objective on shares of Nordex and gave the company a neutral rating in a report on Wednesday. Eight analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The stock has an average rating of Hold and an average target price of €8.06 ($9.95).
ETR NDX1 traded down €0.32 ($0.40) during mid-day trading on Friday, reaching €9.01 ($11.12). 1,038,095 shares of the stock were exchanged, compared to its average volume of 484,965. Nordex has a 1 year low of €7.09 ($8.75) and a 1 year high of €14.35 ($17.72).
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Nordex Company Profile
Nordex SE, together with its subsidiaries, develops, manufactures, and distributes wind power systems worldwide. It offers various wind turbines comprising N131 with 3 megawatt (MW) capacity for average wind speeds; N117 with 3 MW capacity for medium wind speeds; N100 with 3.3 MW capacity for strong-wind locations; N117 with 2.4 MW capacity for low-wind sites; N100 with 2.5 MW capacity for use in medium and low wind conditions; and N90 with 2.5 MW capacity used at strong-wind sites.
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