Nordex (ETR:NDX1) has been assigned a €8.50 ($10.12) target price by analysts at Barclays in a note issued to investors on Friday. The brokerage currently has a “sell” rating on the stock. Barclays’ target price would suggest a potential downside of 23.39% from the stock’s previous close.
A number of other research analysts also recently issued reports on NDX1. Independent Research set a €7.70 ($9.17) target price on shares of Nordex and gave the company a “sell” rating in a research report on Wednesday. HSBC set a €6.90 ($8.21) price target on shares of Nordex and gave the company a “sell” rating in a research note on Monday, January 8th. Warburg Research set a €12.00 ($14.29) price target on shares of Nordex and gave the company a “buy” rating in a research note on Wednesday, January 10th. Commerzbank set a €9.00 ($10.71) price target on shares of Nordex and gave the company a “neutral” rating in a research note on Tuesday. Finally, Kepler Capital Markets set a €6.70 ($7.98) price target on shares of Nordex and gave the company a “sell” rating in a research note on Tuesday, November 14th. Eight investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. Nordex presently has a consensus rating of “Hold” and a consensus price target of €8.31 ($9.89).
Nordex (ETR:NDX1) opened at €11.10 ($13.21) on Friday. Nordex has a 1 year low of €7.09 ($8.44) and a 1 year high of €20.41 ($24.30). The stock has a market cap of $1,070.00 and a price-to-earnings ratio of 18.19.
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Nordex SE, together with its subsidiaries, develops, manufactures, and distributes wind power systems worldwide. It offers various wind turbines comprising N131 with 3 megawatt (MW) capacity for average wind speeds; N117 with 3 MW capacity for medium wind speeds; N100 with 3.3 MW capacity for strong-wind locations; N117 with 2.4 MW capacity for low-wind sites; N100 with 2.5 MW capacity for use in medium and low wind conditions; and N90 with 2.5 MW capacity used at strong-wind sites.
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