Brokerages Set Nordex SE (NDX1) PT at $11.27

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Nordex SE (ETR:NDX1) has received an average recommendation of “Hold” from the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is €11.43 ($13.29).

NDX1 has been the subject of a number of recent analyst reports. Independent Research set a €8.30 ($9.65) price objective on Nordex and gave the stock a “sell” rating in a research report on Friday, February 22nd. Nord/LB set a €14.00 ($16.28) price objective on Nordex and gave the stock a “buy” rating in a research report on Tuesday, February 26th. Kepler Capital Markets set a €9.60 ($11.16) price objective on Nordex and gave the stock a “sell” rating in a research report on Wednesday, February 27th. Goldman Sachs Group set a €14.00 ($16.28) price objective on Nordex and gave the stock a “buy” rating in a research report on Wednesday, February 27th. Finally, Oddo Bhf set a €16.00 ($18.60) price objective on Nordex and gave the stock a “buy” rating in a research report on Wednesday, March 27th.

Shares of ETR NDX1 traded down €0.29 ($0.34) during trading on Friday, hitting €13.22 ($15.37). 356,442 shares of the company were exchanged, compared to its average volume of 484,965. Nordex has a 12-month low of €7.11 ($8.27) and a 12-month high of €15.75 ($18.31). The company has a quick ratio of 0.45, a current ratio of 1.11 and a debt-to-equity ratio of 55.86. The firm has a market cap of $1.28 billion and a PE ratio of -12.90.

Nordex Company Profile

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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Analyst Recommendations for Nordex (ETR:NDX1)

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