Nordex SE (NDX1) Given Average Recommendation of “Hold” by Brokerages
Shares of Nordex SE (ETR:NDX1) have received an average recommendation of “Hold” from the eleven brokerages that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is €13.15 ($15.66).
NDX1 has been the topic of several analyst reports. Macquarie set a €9.00 ($10.71) price objective on Nordex SE and gave the company a “sell” rating in a research note on Wednesday, June 21st. Goldman Sachs Group, Inc. (The) set a €14.00 ($16.67) price objective on Nordex SE and gave the company a “neutral” rating in a research note on Tuesday, June 6th. Deutsche Bank AG set a €14.00 ($16.67) price objective on Nordex SE and gave the company a “neutral” rating in a research note on Tuesday, August 1st. Nord/LB set a €15.00 ($17.86) price objective on Nordex SE and gave the company a “buy” rating in a research note on Monday, August 7th. Finally, Warburg Research set a €18.00 ($21.43) price target on Nordex SE and gave the company a “buy” rating in a research note on Friday, July 21st.
Shares of Nordex SE (ETR:NDX1) opened at 11.277 on Wednesday. The stock’s 50 day moving average is €11.91 and its 200 day moving average is €13.30. Nordex SE has a 12 month low of €10.22 and a 12 month high of €27.56. The firm has a market cap of €1.09 billion and a P/E ratio of 16.511.
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About Nordex SE
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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