Independent Research Reiterates “€10.70” Price Target for Nordex (ETR:NDX1)

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Independent Research set a €10.70 ($12.44) price objective on Nordex (ETR:NDX1) in a report released on Thursday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.

Several other analysts have also commented on NDX1. Nord/LB set a €16.00 ($18.60) price objective on shares of Nordex and gave the stock a buy rating in a research report on Monday, May 20th. HSBC set a €10.20 ($11.86) price objective on shares of Nordex and gave the stock a neutral rating in a research report on Wednesday, August 7th. Goldman Sachs Group set a €15.30 ($17.79) price objective on shares of Nordex and gave the stock a neutral rating in a research report on Thursday, April 18th. Finally, Kepler Capital Markets set a €9.60 ($11.16) price objective on shares of Nordex and gave the stock a sell rating in a research report on Tuesday, May 14th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average price target of €11.62 ($13.51).

Shares of NDX1 stock opened at €8.89 ($10.34) on Thursday. The firm has a market cap of $862.17 million and a price-to-earnings ratio of -8.66. The company has a debt-to-equity ratio of 64.43, a quick ratio of 0.51 and a current ratio of 1.11. Nordex has a 52 week low of €7.11 ($8.27) and a 52 week high of €15.75 ($18.31). The firm’s 50-day simple moving average is €12.04 and its two-hundred day simple moving average is €12.56.

About Nordex

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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