Nordex (ETR:NDX1) has been assigned a €8.50 ($10.49) target price by equities researchers at Barclays in a report issued on Wednesday. The firm currently has a “sell” rating on the stock. Barclays’ target price indicates a potential downside of 2.30% from the stock’s previous close.
Several other analysts have also recently weighed in on the stock. Independent Research set a €8.30 ($10.25) price target on shares of Nordex and gave the company a “sell” rating in a research note on Wednesday, February 28th. Goldman Sachs Group set a €5.00 ($6.17) price target on shares of Nordex and gave the company a “sell” rating in a research note on Tuesday, February 27th. Commerzbank set a €9.00 ($11.11) price objective on shares of Nordex and gave the stock a “neutral” rating in a report on Tuesday, January 16th. Warburg Research set a €12.00 ($14.81) price objective on shares of Nordex and gave the stock a “buy” rating in a report on Wednesday, January 10th. Finally, HSBC set a €6.90 ($8.52) price objective on shares of Nordex and gave the stock a “sell” rating in a report on Monday, January 8th. Eight analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Nordex has an average rating of “Hold” and a consensus price target of €8.35 ($10.31).
Nordex (NDX1) traded down €0.18 ($0.22) during trading on Wednesday, hitting €8.70 ($10.74). 512,652 shares of the stock traded hands, compared to its average volume of 477,410. Nordex has a twelve month low of €7.09 ($8.75) and a twelve month high of €14.35 ($17.72). The stock has a market cap of $848.40 and a PE ratio of 14.26.
Nordex Company Profile
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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