Commerzbank Analysts Give Nordex (NDX1) a €9.00 Price Target
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).
ILLEGAL ACTIVITY WARNING: This article was posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/11/30/commerzbank-analysts-give-nordex-ndx1-a-9-00-price-target.html.
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.
Receive News & Ratings for Nordex SE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nordex SE and related companies with MarketBeat.com's FREE daily email newsletter.