Nordex (ETR:NDX1) has been assigned a €11.00 ($12.79) price target by investment analysts at Goldman Sachs Group in a note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. Goldman Sachs Group’s price objective would suggest a potential upside of 33.08% from the company’s current price.
Several other brokerages have also recently issued reports on NDX1. Commerzbank set a €10.00 ($11.63) price target on Nordex and gave the company a “neutral” rating in a research report on Wednesday, September 12th. Citigroup set a €7.60 ($8.84) target price on Nordex and gave the stock a “sell” rating in a research report on Thursday, September 27th. HSBC set a €7.10 ($8.26) target price on Nordex and gave the stock a “sell” rating in a research report on Tuesday, October 2nd. Kepler Capital Markets set a €7.50 ($8.72) target price on Nordex and gave the stock a “sell” rating in a research report on Tuesday, November 13th. Finally, Deutsche Bank set a €14.00 ($16.28) target price on Nordex and gave the stock a “neutral” rating in a research report on Wednesday, October 3rd. Seven research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of €9.18 ($10.68).
Shares of NDX1 stock opened at €8.27 ($9.61) on Thursday. Nordex has a 52-week low of €7.09 ($8.24) and a 52-week high of €14.35 ($16.69).
Nordex SE, together with its subsidiaries, develops, manufactures, and distributes multi-megawatt wind turbines worldwide. The company also provides project development services, as well as acquires rights and creates the infrastructure required to construct wind power systems at suitable locations. In addition, the company offers planning, delivery, installation, and commissioning of various electrical and technical automation systems, as well as the infrastructural measures required for wind turbines.
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