Nordex (NDX1) Given a €7.10 Price Target by Macquarie Analysts
Nordex (ETR:NDX1) received a €7.10 ($8.77) target price from investment analysts at Macquarie in a research note issued to investors on Tuesday. The firm presently has a “sell” rating on the stock. Macquarie’s price target indicates a potential downside of 18.18% from the company’s previous close.
A number of other equities analysts have also recently commented on NDX1. Goldman Sachs set a €5.00 ($6.17) price target on shares of Nordex and gave the stock a “sell” rating in a research note on Monday, November 20th. HSBC set a €6.40 ($7.90) price target on shares of Nordex and gave the stock a “sell” rating in a research note on Thursday, November 23rd. Oddo Bhf set a €8.00 ($9.88) price target on shares of Nordex and gave the stock a “neutral” rating in a research note on Thursday, November 23rd. Bank of America set a €5.50 ($6.79) price target on shares of Nordex and gave the stock a “sell” rating in a research note on Tuesday, November 28th. Finally, Warburg Research set a €8.50 ($10.49) price objective on shares of Nordex and gave the company a “neutral” rating in a research report on Wednesday, November 29th. Eight 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 stock. Nordex presently has an average rating of “Hold” and an average target price of €8.21 ($10.14).
Nordex (ETR:NDX1) opened at €8.68 ($10.71) on Tuesday. Nordex has a 52 week low of €7.09 ($8.75) and a 52 week high of €14.35 ($17.72). The company has a market cap of $848.21 and a PE ratio of 14.23.
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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