A number of other research firms also recently weighed in on NDX1. Commerzbank set a €9.00 ($11.11) price target on Nordex and gave the company a neutral rating in a research report on Tuesday, January 16th. Barclays set a €8.50 ($10.49) price target on Nordex and gave the company a sell rating in a research report on Friday, January 19th. Independent Research set a €7.70 ($9.51) price target on Nordex and gave the company a sell rating in a research report on Wednesday, January 17th. Goldman Sachs set a €5.00 ($6.17) price target on Nordex and gave the company a sell rating in a research report on Tuesday, February 27th. Finally, HSBC set a €6.90 ($8.52) price target on Nordex and gave the company a sell rating in a research report on Monday, January 8th. Eight investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of €8.06 ($9.95).
ETR NDX1 opened at €9.01 ($11.12) on Wednesday. Nordex has a twelve month low of €7.09 ($8.75) and a twelve month high of €14.35 ($17.72).
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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