Brokerages Set Nordex SE (NDX1) Price Target at $8.85

Nordex SE (ETR:NDX1) has received an average rating of “Hold” from the sixteen brokerages that are currently covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is €9.02 ($10.49).

A number of brokerages have recently commented on NDX1. Nord/LB set a €12.70 ($14.77) target price on shares of Nordex and gave the company a “buy” rating in a report on Wednesday, August 29th. Commerzbank set a €10.00 ($11.63) target price on shares of Nordex and gave the company a “neutral” rating in a report on Tuesday, August 14th. Warburg Research set a €10.50 ($12.21) target price on shares of Nordex and gave the company a “neutral” rating in a report on Wednesday, August 8th. Societe Generale set a €9.30 ($10.81) target price on shares of Nordex and gave the company a “neutral” rating in a report on Wednesday, August 15th. Finally, Deutsche Bank set a €14.00 ($16.28) target price on shares of Nordex and gave the company a “neutral” rating in a report on Wednesday, October 3rd.

Shares of ETR:NDX1 traded up €0.06 ($0.07) during trading on Monday, hitting €8.61 ($10.01). 756,790 shares of the company were exchanged, compared to its average volume of 484,965. Nordex has a 12-month low of €7.09 ($8.24) and a 12-month high of €14.35 ($16.69).

About Nordex

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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Analyst Recommendations for Nordex (ETR:NDX1)

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