Nordex (NDX1) PT Set at €11.70 by Independent Research
Independent Research set a €11.70 ($13.60) price target on Nordex (ETR:NDX1) in a report issued on Wednesday, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
Other equities research analysts also recently issued research reports about the company. Nord/LB set a €16.00 ($18.60) price target on Nordex and gave the stock a buy rating in a report on Monday. Goldman Sachs Group set a €14.00 ($16.28) price objective on Nordex and gave the company a buy rating in a report on Wednesday, February 27th. Oddo Bhf set a €16.00 ($18.60) price objective on Nordex and gave the company a buy rating in a report on Wednesday, March 27th. Kepler Capital Markets set a €9.60 ($11.16) price objective on Nordex and gave the company a sell rating in a report on Tuesday, May 14th. Finally, HSBC set a €10.00 ($11.63) price objective on Nordex and gave the company a sell rating in a report on Monday, April 8th. Five analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of €11.50 ($13.37).
Shares of ETR NDX1 opened at €13.51 ($15.71) on Wednesday. The company has a current ratio of 1.11, a quick ratio of 0.45 and a debt-to-equity ratio of 55.86. Nordex has a 1-year low of €7.11 ($8.27) and a 1-year high of €15.75 ($18.31). The stock has a market cap of $1.31 billion and a price-to-earnings ratio of -13.18.
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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