Independent Research Analysts Give Nordex (ETR:NDX1) a €10.90 Price Target

Independent Research set a €10.90 ($12.67) price target on Nordex (ETR:NDX1) in a research report released on Wednesday, March 27th, Borsen Zeitung reports. The firm currently has a sell rating on the stock.

A number of other research analysts have also weighed in on NDX1. Commerzbank set a €10.00 ($11.63) price target on shares of Nordex and gave the company a neutral rating in a research report on Monday, December 3rd. Goldman Sachs Group set a €10.00 ($11.63) price target on shares of Nordex and gave the company a neutral rating in a research report on Wednesday, December 5th. HSBC set a €7.60 ($8.84) price target on shares of Nordex and gave the company a sell rating in a research report on Tuesday, December 18th. Nord/LB set a €10.50 ($12.21) price target on shares of Nordex and gave the company a buy rating in a research report on Thursday, January 10th. Finally, Kepler Capital Markets set a €9.60 ($11.16) price target on shares of Nordex and gave the company a sell rating in a research report on Wednesday, February 27th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Nordex has an average rating of Hold and an average target price of €11.27 ($13.10).

ETR NDX1 traded down €0.32 ($0.37) on Wednesday, hitting €14.35 ($16.69). 514,609 shares of the company were exchanged, compared to its average volume of 484,965. Nordex has a 12 month low of €7.11 ($8.27) and a 12 month high of €15.75 ($18.31). The firm has a market cap of $1.39 billion and a PE ratio of -16.59. The company has a quick ratio of 0.65, a current ratio of 1.16 and a debt-to-equity ratio of 92.52.

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.

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