HSBC set a €7.10 ($8.26) target price on Nordex (ETR:NDX1) in a research report sent to investors on Wednesday. The brokerage currently has a sell rating on the stock.
Other equities research analysts have also issued research reports about the company. Independent Research set a €8.40 ($9.77) target price on Nordex and gave the company a sell rating in a research note on Wednesday, August 15th. Commerzbank set a €10.00 ($11.63) target price on Nordex and gave the company a neutral rating in a research note on Tuesday, July 10th. Warburg Research set a €10.50 ($12.21) price target on Nordex and gave the stock a neutral rating in a research note on Wednesday, August 8th. Societe Generale set a €9.30 ($10.81) price target on Nordex and gave the stock a neutral rating in a research note on Wednesday, August 15th. Finally, Goldman Sachs Group set a €7.30 ($8.49) price target on Nordex and gave the stock a sell rating in a research note on Tuesday, August 14th. Eight analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Nordex presently has an average rating of Hold and an average price target of €9.02 ($10.49).
NDX1 stock opened at €8.61 ($10.01) on Wednesday. Nordex has a 1 year low of €7.09 ($8.24) and a 1 year high of €14.35 ($16.69).
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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