Nordex (ETR:NDX1) received a €10.00 ($11.63) price objective from equities research analysts at Commerzbank in a research note issued on Wednesday, September 12th. The firm presently has a “neutral” rating on the stock. Commerzbank’s price objective indicates a potential upside of 27.06% from the company’s previous close.
A number of other equities analysts also recently commented on NDX1. Kepler Capital Markets set a €7.10 ($8.26) target price on shares of Nordex and gave the stock a “sell” rating in a report on Tuesday, August 14th. Societe Generale set a €9.30 ($10.81) price target on Nordex and gave the stock a “neutral” rating in a research note on Wednesday, August 15th. Warburg Research set a €10.50 ($12.21) price target on Nordex and gave the stock a “neutral” rating in a research note on Wednesday, August 8th. Main First Bank set a €10.50 ($12.21) target price on Nordex and gave the company a “buy” rating in a research report on Wednesday, July 4th. Finally, Independent Research set a €8.10 ($9.42) target price on Nordex and gave the company a “sell” rating in a research report on Tuesday, July 17th. Nine analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Nordex currently has an average rating of “Hold” and an average target price of €8.85 ($10.29).
Shares of NDX1 stock traded down €0.31 ($0.36) on Wednesday, hitting €7.87 ($9.15). The stock had a trading volume of 460,180 shares, compared to its average volume of 484,965. Nordex has a one year low of €7.09 ($8.24) and a one year high of €14.35 ($16.69).
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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