Kepler Capital Markets set a €9.60 ($11.16) price objective on Nordex (ETR:NDX1) in a report released on Tuesday, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
Several other research firms have also recently weighed in on NDX1. Nord/LB set a €14.00 ($16.28) price objective on shares of Nordex and gave the stock a neutral rating in a research report on Thursday, March 28th. Oddo Bhf set a €16.00 ($18.60) price objective on shares of Nordex and gave the stock a buy rating in a research report on Wednesday, March 27th. Goldman Sachs Group set a €14.00 ($16.28) price objective on shares of Nordex and gave the stock a buy rating in a research report on Tuesday, March 26th. Independent Research set a €10.90 ($12.67) price objective on shares of Nordex and gave the stock a sell rating in a research report on Wednesday, March 27th. Finally, HSBC set a €10.00 ($11.63) price objective on shares of Nordex and gave the stock a sell rating in a research report on Monday, April 8th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of €11.27 ($13.10).
NDX1 opened at €13.51 ($15.71) on Tuesday. Nordex has a twelve month low of €7.11 ($8.27) and a twelve month high of €15.75 ($18.31). The company has a debt-to-equity ratio of 92.52, a current ratio of 1.16 and a quick ratio of 0.65. The stock has a market cap of $1.31 billion and a P/E ratio of -15.62.
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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