Nordex SE (ETR:NDX1) Given Average Rating of “Hold” by Brokerages

Shares of Nordex SE (ETR:NDX1) have earned a consensus rating of “Hold” from the eleven ratings firms that are currently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is €11.59 ($13.48).

Several equities research analysts have recently issued reports on NDX1 shares. Independent Research set a €11.70 ($13.60) price target on Nordex and gave the company a “sell” rating in a report on Wednesday, May 22nd. Nord/LB set a €16.00 ($18.60) price target on Nordex and gave the company a “buy” rating in a report on Monday, May 20th. Kepler Capital Markets set a €49.00 ($56.98) price target on Scout24 and gave the company a “neutral” rating in a report on Tuesday, May 14th. HSBC set a €10.00 ($11.63) price target on Nordex and gave the company a “sell” rating in a report on Monday, April 8th. Finally, Goldman Sachs Group set a €45.00 ($52.33) price target on Deutsche Post and gave the company a “buy” rating in a report on Thursday, April 18th.

Shares of Nordex stock traded down €0.02 ($0.02) during trading on Friday, hitting €14.26 ($16.58). 263,709 shares of the stock traded hands, compared to its average volume of 484,965. The company has a market capitalization of $1.38 billion and a PE ratio of -13.90. The company has a current ratio of 1.11, a quick ratio of 0.51 and a debt-to-equity ratio of 64.43. Nordex has a twelve month low of €7.11 ($8.27) and a twelve month high of €15.75 ($18.31). The business’s fifty day moving average is €12.98.

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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