Nordex (ETR:NDX1) Given a €15.30 Price Target at Goldman Sachs Group

Nordex (ETR:NDX1) has been given a €15.30 ($17.79) price target by analysts at Goldman Sachs Group in a report released on Thursday, April 18th, Borsen Zeitung reports. The brokerage currently has a “neutral” rating on the stock. Goldman Sachs Group’s price target points to a potential upside of 13.84% from the company’s previous close.

Several other research firms also recently weighed in on NDX1. HSBC set a €10.00 ($11.63) price objective on Nordex and gave the company a “sell” rating in a report on Monday, April 8th. Kepler Capital Markets set a €9.60 ($11.16) target price on Nordex and gave the stock a “sell” rating in a research note on Wednesday, February 27th. Independent Research set a €8.30 ($9.65) target price on Nordex and gave the stock a “sell” rating in a research note on Friday, February 22nd. Nord/LB set a €14.00 ($16.28) target price on Nordex and gave the stock a “buy” rating in a research note on Tuesday, February 26th. Finally, Oddo Bhf set a €16.00 ($18.60) target price on Nordex and gave the stock a “buy” rating in a research note on Wednesday, March 27th. Five investment 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. The stock has an average rating of “Hold” and a consensus target price of €11.27 ($13.10).

Shares of NDX1 stock traded down €0.06 ($0.07) on Thursday, reaching €13.44 ($15.63). The stock had a trading volume of 266,308 shares, compared to its average volume of 484,965. The stock has a market cap of $1.30 billion and a price-to-earnings ratio of -15.54. Nordex has a 12 month low of €7.11 ($8.27) and a 12 month high of €15.75 ($18.31). The company has a debt-to-equity ratio of 92.52, a quick ratio of 0.65 and a current ratio of 1.16.

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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