Nordex (ETR:NDX1) has been assigned a €9.00 ($10.71) price objective by investment analysts at Commerzbank in a report released on Thursday. The brokerage presently has a “neutral” rating on the stock. Commerzbank’s price target suggests a potential upside of 5.46% from the company’s current price.

Several other research firms have also recently weighed in on NDX1. Goldman Sachs Group set a €8.00 ($9.52) price objective on shares of Nordex and gave the stock a “sell” rating in a research report on Tuesday, October 10th. Kepler Capital Markets set a €6.70 ($7.98) price objective on shares of Nordex and gave the stock a “sell” rating in a research report on Friday, October 20th. Warburg Research set a €11.00 ($13.10) price objective on shares of Nordex and gave the stock a “neutral” rating in a research report on Thursday, September 7th. Independent Research set a €10.40 ($12.38) price objective on shares of Nordex and gave the stock a “sell” rating in a research report on Wednesday, September 6th. Finally, set a €8.00 ($9.52) price objective on shares of Nordex and gave the stock a “sell” rating in a research report on Monday, November 6th. Eight investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of €7.83 ($9.32).

Shares of Nordex (NDX1) traded up €0.29 ($0.35) on Thursday, hitting €8.53 ($10.16). The stock had a trading volume of 1,191,210 shares, compared to its average volume of 888,994. Nordex has a 12-month low of €7.10 ($8.45) and a 12-month high of €21.66 ($25.79).

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About Nordex

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.

Analyst Recommendations for Nordex (ETR:NDX1)

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