Nordex SE (ETR:NDX1) Given a €17.00 Price Target at Commerzbank Ag

Nordex SE (ETR:NDX1) has been assigned a €17.00 ($20.00) target price by equities research analysts at Commerzbank Ag in a research report issued to clients and investors on Thursday, August 3rd. The firm currently has a “neutral” rating on the stock.

NDX1 has been the subject of a number of other research reports. Macquarie set a €9.00 ($10.59) price objective on Nordex SE and gave the company a “sell” rating in a research note on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) set a €14.00 ($16.47) price objective on Nordex SE and gave the company a “neutral” rating in a research note on Tuesday, June 6th. Deutsche Bank AG set a €14.00 ($16.47) price objective on Nordex SE and gave the company a “neutral” rating in a research note on Tuesday, August 1st. Warburg Research set a €18.00 ($21.18) price target on Nordex SE and gave the stock a “buy” rating in a research note on Friday, July 21st. Finally, Societe Generale set a €12.50 ($14.71) price target on Nordex SE and gave the stock a “neutral” rating in a research note on Thursday, June 15th. Four equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of €13.07 ($15.38).

Shares of Nordex SE (ETR NDX1) opened at 12.122 on Thursday. Nordex SE has a 52-week low of €10.22 and a 52-week high of €27.56. The company has a 50-day moving average price of €11.68 and a 200-day moving average price of €13.80. The stock has a market capitalization of €1.18 billion and a price-to-earnings ratio of 17.748.

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About Nordex SE

Nordex SE is a Germany-based holding company that, along with its subsidiaries, develops, manufactures and distributes wind power systems, specializing in wind turbines, in Germany and other countries. Under the Nordex brand, the Company offers wind turbines Nordex N90/2500, N100/2500 and N117/2400. In addition to the development and production of wind power systems, the Company also provides preliminary project development services to support marketing, as well as acquires rights and creates the infrastructure required to construct wind power systems at suitable locations.

Analyst Recommendations for Nordex SE (ETR:NDX1)

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