Nord/LB Reiterates €16.00 Price Target for Nordex (NDX1)
Nordex (ETR:NDX1) has been assigned a €16.00 ($18.60) target price by stock analysts at Nord/LB in a research note issued to investors on Monday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. Nord/LB’s price objective would suggest a potential upside of 21.03% from the stock’s current price.
A number of other brokerages have also recently commented on NDX1. HSBC set a €10.00 ($11.63) price target on shares of Nordex and gave the company a “sell” rating in a research note on Monday, April 8th. Goldman Sachs Group set a €15.30 ($17.79) price objective on Nordex and gave the company a “neutral” rating in a report on Thursday, April 18th. Independent Research set a €10.90 ($12.67) price objective on Nordex and gave the company a “sell” rating in a report on Wednesday, March 27th. Oddo Bhf set a €16.00 ($18.60) target price on Nordex and gave the stock a “buy” rating in a report on Wednesday, March 27th. Finally, Kepler Capital Markets set a €9.60 ($11.16) target price on Nordex and gave the stock a “sell” rating in a report on Tuesday, March 26th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of €11.43 ($13.29).
NDX1 stock traded down €0.29 ($0.34) during trading hours on Monday, reaching €13.22 ($15.37). The stock had a trading volume of 356,442 shares, compared to its average volume of 484,965. The stock has a market cap of $1.29 billion and a P/E ratio of -12.90. The company has a debt-to-equity ratio of 55.86, a current ratio of 1.11 and a quick ratio of 0.45. Nordex has a fifty-two week low of €7.11 ($8.27) and a fifty-two week high of €15.75 ($18.31).
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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