Nordex SE (NDX1) Receives €7.92 Average Target Price from Analysts

Nordex SE (ETR:NDX1) has been given an average recommendation of “Hold” by the fifteen analysts that are currently covering the company, Marketbeat.com reports. Nine analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is €7.90 ($9.19).

NDX1 has been the subject of a number of analyst reports. Barclays set a €8.50 ($9.88) price target on Nordex and gave the company a “sell” rating in a research note on Wednesday, March 14th. Macquarie set a €7.10 ($8.26) price target on Nordex and gave the company a “sell” rating in a research note on Tuesday, March 20th. Warburg Research set a €10.00 ($11.63) price target on Nordex and gave the company a “buy” rating in a research note on Monday, March 26th. Commerzbank set a €9.00 ($10.47) price target on Nordex and gave the company a “neutral” rating in a research note on Tuesday, March 27th. Finally, Goldman Sachs Group set a €5.00 ($5.81) price target on Nordex and gave the company a “sell” rating in a research note on Wednesday, March 28th.

Shares of Nordex traded up €0.45 ($0.52), reaching €8.70 ($10.11), during trading on Tuesday, Marketbeat.com reports. The company’s stock had a trading volume of 441,922 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.

Analyst Recommendations for Nordex (ETR:NDX1)

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