Analysts Set Nordex SE (ETR:NDX1) Price Target at $11.50

Nordex SE (ETR:NDX1) has earned a consensus rating of “Hold” from the twelve analysts that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is €11.50 ($13.37).

Several brokerages recently weighed in on NDX1. Independent Research set a €11.70 ($13.60) target price on Nordex and gave the company a “sell” rating in a report on Wednesday, May 22nd. Nord/LB set a €16.00 ($18.60) target price on Nordex and gave the company a “buy” rating in a report on Monday, May 20th. Kepler Capital Markets set a €9.60 ($11.16) target price on Nordex and gave the company a “sell” rating in a report on Tuesday, May 14th. Goldman Sachs Group set a €15.30 ($17.79) target price on Nordex and gave the company a “neutral” rating in a report on Thursday, April 18th. Finally, HSBC set a €10.00 ($11.63) target price on Nordex and gave the company a “sell” rating in a report on Monday, April 8th.

NDX1 stock traded down €0.21 ($0.24) during trading on Tuesday, hitting €13.04 ($15.16). 218,974 shares of the company traded hands, compared to its average volume of 484,965. The stock has a market capitalization of $1.26 billion and a PE ratio of -12.71. Nordex has a 1 year low of €7.11 ($8.27) and a 1 year high of €15.75 ($18.31). The company has a debt-to-equity ratio of 64.43, a current ratio of 1.11 and a quick ratio of 0.51.

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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Analyst Recommendations for Nordex (ETR:NDX1)

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