Commerzbank Analysts Give Nordex (NDX1) a €9.00 Price Target

Commerzbank set a €9.00 ($10.71) price objective on Nordex (ETR:NDX1) in a research report report published on Tuesday morning. The firm currently has a neutral rating on the stock.

Several other research firms have also commented on NDX1. Goldman Sachs Group set a €8.00 ($9.52) target price on shares of Nordex and gave the company a sell rating in a research note on Monday, November 6th. Deutsche Bank set a €8.50 ($10.12) target price on shares of Nordex and gave the company a neutral rating in a research note on Monday, November 13th. Warburg Research set a €10.00 ($11.90) target price on shares of Nordex and gave the company a neutral rating in a research note on Tuesday, November 14th. Kepler Capital Markets set a €6.70 ($7.98) target price on shares of Nordex and gave the company a sell rating in a research note on Tuesday, November 14th. Finally, HSBC set a €6.40 ($7.62) target price on shares of Nordex and gave the company a sell rating in a research note on Thursday, November 23rd. Eight analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of €8.31 ($9.89).

Nordex (NDX1) traded down €0.15 ($0.18) during trading hours on Tuesday, hitting €10.92 ($13.00). 552,119 shares of the company traded hands, compared to its average volume of 857,279. Nordex has a 1-year low of €7.09 ($8.44) and a 1-year high of €20.41 ($24.30). The firm has a market cap of $1,060.00 and a price-to-earnings ratio of 17.90.

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About Nordex

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.

Analyst Recommendations for Nordex (ETR:NDX1)

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