Main First Bank set a €8.50 ($10.49) target price on Nordex (ETR:NDX1) in a research report report published on Wednesday morning. The firm currently has a neutral rating on the stock.
Several other research firms have also issued reports on NDX1. Commerzbank set a €9.00 ($11.11) target price on shares of Nordex and gave the company a neutral rating in a report on Tuesday, January 16th. Barclays set a €8.50 ($10.49) target price on shares of Nordex and gave the company a sell rating in a report on Friday, January 19th. Independent Research set a €7.70 ($9.51) target price on shares of Nordex and gave the company a sell rating in a report on Wednesday, January 17th. Warburg Research set a €12.00 ($14.81) target price on shares of Nordex and gave the company a buy rating in a report on Wednesday, January 10th. Finally, Goldman Sachs set a €5.00 ($6.17) target price on shares of Nordex and gave the company a sell rating in a report on Tuesday, February 27th. Eight equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of €8.06 ($9.95).
NDX1 stock opened at €9.01 ($11.12) on Wednesday. Nordex has a 52-week low of €7.09 ($8.75) and a 52-week high of €14.35 ($17.72).
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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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