Shares of Nordex SE (ETR:NDX1) have received an average recommendation of “Hold” from the fourteen brokerages that are currently covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is €8.31 ($10.26).
A number of research analysts recently weighed in on NDX1 shares. Goldman Sachs Group set a €8.00 ($9.88) target price on Nordex and gave the stock a “sell” rating in a report on Tuesday, October 10th. Kepler Capital Markets set a €6.70 ($8.27) target price on Nordex and gave the stock a “sell” rating in a report on Friday, October 20th. Commerzbank set a €9.00 ($11.11) target price on Nordex and gave the stock a “neutral” rating in a report on Thursday, November 30th. Warburg Research set a €8.50 ($10.49) target price on Nordex and gave the stock a “neutral” rating in a report on Wednesday, November 29th. Finally, Bank of America set a €5.50 ($6.79) target price on Nordex and gave the stock a “sell” rating in a report on Tuesday, November 28th.
Nordex (NDX1) traded down €0.69 ($0.85) during trading hours on Friday, hitting €9.94 ($12.27). The company’s stock had a trading volume of 1,362,455 shares, compared to its average volume of 823,806. The firm has a market cap of $962.26 and a price-to-earnings ratio of 16.30. Nordex has a 52-week low of €7.09 ($8.75) and a 52-week high of €20.41 ($25.20).
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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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