Nordex (ETR:NDX1) has been given a €5.00 ($6.17) price target by stock analysts at Goldman Sachs Group in a note issued to investors on Tuesday. The brokerage presently has a “sell” rating on the stock. Goldman Sachs Group’s price objective would indicate a potential downside of 48.56% from the company’s previous close.
NDX1 has been the topic of several other reports. Warburg Research set a €10.00 ($12.35) target price on Nordex and gave the stock a “neutral” rating in a research report on Tuesday, November 14th. HSBC set a €6.90 ($8.52) target price on Nordex and gave the stock a “sell” rating in a research report on Monday, January 8th. Nord/LB set a €9.00 ($11.11) target price on Nordex and gave the stock a “buy” rating in a research report on Friday, November 17th. Barclays set a €6.50 ($8.02) target price on Nordex and gave the stock a “sell” rating in a research report on Thursday, November 16th. Finally, Deutsche Bank set a €8.50 ($10.49) target price on Nordex and gave the stock a “neutral” rating in a research report on Monday, November 13th. Eight analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. Nordex currently has an average rating of “Hold” and an average price target of €8.31 ($10.26).
Shares of Nordex (ETR:NDX1) opened at €9.72 ($12.00) on Tuesday. Nordex has a 52-week low of €7.09 ($8.75) and a 52-week high of €15.60 ($19.26). The firm has a market capitalization of $942.67 and a price-to-earnings ratio of 15.93.
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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