Nordex (ETR:NDX1) has been assigned a €10.70 ($12.44) target price by investment analysts at Independent Research in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. The firm presently has a “sell” rating on the stock. Independent Research’s target price indicates a potential upside of 7.54% from the stock’s current price.
Several other brokerages also recently issued reports on NDX1. 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 note on Tuesday, May 14th. HSBC set a €10.20 ($11.86) price objective on shares of Nordex and gave the stock a “neutral” rating in a research note on Wednesday, August 7th. Nord/LB set a €16.00 ($18.60) price objective on shares of Nordex and gave the stock a “buy” rating in a research note on Monday, May 20th. Finally, 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 note on Thursday, April 18th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of €11.62 ($13.51).
Shares of NDX1 stock opened at €9.95 ($11.57) on Thursday. 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 debt-to-equity ratio of 64.43, a quick ratio of 0.51 and a current ratio of 1.11. The company’s 50 day moving average is €12.15. The firm has a market capitalization of $932.97 million and a P/E ratio of -9.70.
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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