Nordex SE (NDX1) Receives Average Recommendation of “Hold” from Analysts
Nordex SE (ETR:NDX1) has been given an average rating of “Hold” by the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is €7.83 ($9.32).
A number of research firms have weighed in on NDX1. Independent Research set a €10.40 ($12.38) price objective on Nordex and gave the stock a “sell” rating in a research note on Wednesday, September 6th. Oddo Bhf set a €14.00 ($16.67) price objective on Nordex and gave the stock a “neutral” rating in a research note on Monday, August 21st. HSBC set a €6.40 ($7.62) price objective on Nordex and gave the stock a “sell” rating in a research note on Thursday, November 23rd. Commerzbank set a €9.00 ($10.71) price target on Nordex and gave the company a “neutral” rating in a research note on Friday, November 3rd. Finally, Bank of America set a €5.50 ($6.55) price target on Nordex and gave the company a “sell” rating in a research note on Tuesday, November 28th.
Shares of Nordex (ETR:NDX1) opened at €8.02 ($9.55) on Friday. Nordex has a fifty-two week low of €7.10 ($8.45) and a fifty-two week high of €21.66 ($25.79).
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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