A number of other brokerages have also recently weighed in on NDX1. Commerzbank set a €9.00 ($11.11) price objective on shares of Nordex and gave the stock a neutral rating in a research note on Tuesday, January 16th. Barclays set a €8.50 ($10.49) price objective on shares of Nordex and gave the stock a sell rating in a research note on Friday, January 19th. Warburg Research set a €12.00 ($14.81) price objective on shares of Nordex and gave the stock a buy rating in a research note on Wednesday, January 10th. Goldman Sachs set a €5.00 ($6.17) price objective on shares of Nordex and gave the stock a sell rating in a research note on Tuesday, February 27th. Finally, HSBC set a €6.90 ($8.52) price objective on shares of Nordex and gave the stock a sell rating in a research note on Monday, January 8th. Eight investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of €8.06 ($9.95).
Shares of NDX1 opened at €9.01 ($11.12) on Friday. Nordex has a 1-year low of €7.09 ($8.75) and a 1-year high of €14.35 ($17.72).
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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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