Nordex SE (NDX1) Given Average Recommendation of “Hold” by Brokerages
Nordex SE (ETR:NDX1) has received a consensus rating of “Hold” from the eleven research firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is €11.98 ($14.26).
NDX1 has been the subject of several research analyst reports. Warburg Research set a €18.00 ($21.43) price objective on Nordex SE and gave the company a “buy” rating in a research note on Monday, May 29th. Macquarie set a €9.00 ($10.71) price objective on Nordex SE and gave the company a “sell” rating in a research note on Wednesday, June 21st. Commerzbank Ag set a €14.00 ($16.67) price objective on Nordex SE and gave the company a “neutral” rating in a research note on Wednesday, September 6th. Goldman Sachs Group, Inc. (The) set a €14.00 ($16.67) price objective on Nordex SE and gave the company a “neutral” rating in a research note on Tuesday, June 6th. Finally, Societe Generale set a €12.50 ($14.88) price objective on Nordex SE and gave the company a “neutral” rating in a research note on Thursday, June 15th.
Shares of Nordex SE (NDX1) opened at 9.628 on Friday. The stock has a 50 day moving average price of €11.27 and a 200-day moving average price of €12.33. Nordex SE has a 52 week low of €9.36 and a 52 week high of €27.56. The firm has a market capitalization of €933.74 million and a price-to-earnings ratio of 14.097.
About Nordex SE
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.
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