Nordex (ETR:NDX1) has been given a €8.10 ($9.53) price target by stock analysts at Independent Research in a research note issued to investors on Tuesday. The firm currently has a “sell” rating on the stock. Independent Research’s price target would suggest a potential downside of 17.23% from the stock’s current price.
A number of other equities analysts also recently issued reports on NDX1. Macquarie set a €7.10 ($8.35) price target on shares of Nordex and gave the company a “sell” rating in a report on Tuesday, March 20th. Warburg Research set a €10.00 ($11.76) price objective on shares of Nordex and gave the company a “buy” rating in a research note on Monday, March 26th. Commerzbank set a €9.00 ($10.59) price objective on shares of Nordex and gave the company a “neutral” rating in a research note on Tuesday, March 27th. Goldman Sachs Group set a €5.00 ($5.88) price objective on shares of Nordex and gave the company a “sell” rating in a research note on Wednesday, March 28th. Finally, Main First Bank set a €8.50 ($10.00) price objective on shares of Nordex and gave the company a “neutral” rating in a research note on Wednesday, April 4th. Nine investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of €8.26 ($9.72).
Shares of Nordex opened at €9.79 ($11.51) on Tuesday, according to MarketBeat Ratings. Nordex has a 52-week low of €7.09 ($8.34) and a 52-week high of €14.35 ($16.88).
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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