HSBC Analysts Give Nordex (ETR:NDX1) a €10.20 Price Target
HSBC set a €10.20 ($11.86) price objective on Nordex (ETR:NDX1) in a research note released on Wednesday morning, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
A number of other research analysts also recently issued reports on the company. Oddo Bhf set a €16.00 ($18.60) price target on Nordex and gave the company a buy rating in a report on Wednesday, March 27th. Nord/LB set a €16.00 ($18.60) price target on Nordex and gave the company a buy rating in a report on Monday, May 20th. Goldman Sachs Group set a €45.00 ($52.33) price target on Deutsche Post and gave the company a buy rating in a report on Thursday, April 18th. Independent Research set a €11.70 ($13.60) price target on Nordex and gave the company a sell rating in a report on Wednesday, May 22nd. Finally, Kepler Capital Markets set a €49.00 ($56.98) price target on Scout24 and gave the company a neutral rating in a report on Tuesday, May 14th. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of €11.61 ($13.50).
Shares of ETR:NDX1 opened at €12.65 ($14.71) on Wednesday. Nordex has a 12-month low of €7.11 ($8.27) and a 12-month high of €15.75 ($18.31). The firm has a fifty day moving average of €13.02. The stock has a market cap of $1.23 billion and a P/E ratio of -12.33. The company has a debt-to-equity ratio of 64.43, a current ratio of 1.11 and a quick ratio of 0.51.
Nordex SE, together with its subsidiaries, develops, manufactures, and distributes multi-megawatt wind turbines worldwide. The company also provides project development services, as well as acquires rights and creates the infrastructure required to construct wind power systems at suitable locations. In addition, the company offers planning, delivery, installation, and commissioning of various electrical and technical automation systems, as well as the infrastructural measures required for wind turbines.
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