Nordex (ETR:NDX1) has been assigned a €14.00 ($16.28) price objective by equities research analysts at Deutsche Bank in a report released on Wednesday, October 3rd. The firm presently has a “neutral” rating on the stock. Deutsche Bank’s price target suggests a potential upside of 76.46% from the company’s previous close.
Several other brokerages have also weighed in on NDX1. Commerzbank set a €10.00 ($11.63) price objective on shares of Nordex and gave the stock a “neutral” rating in a report on Tuesday, July 10th. Independent Research set a €8.10 ($9.42) price objective on shares of Nordex and gave the stock a “sell” rating in a report on Tuesday, July 17th. Main First Bank set a €10.50 ($12.21) price objective on shares of Nordex and gave the stock a “buy” rating in a report on Wednesday, July 4th. Goldman Sachs Group set a €7.30 ($8.49) price objective on shares of Nordex and gave the stock a “sell” rating in a report on Thursday, September 13th. Finally, Nord/LB set a €12.70 ($14.77) price objective on shares of Nordex and gave the stock a “buy” rating in a report on Wednesday, August 29th. Nine analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of €8.85 ($10.29).
Shares of NDX1 stock opened at €7.93 ($9.23) on Wednesday. Nordex has a 1-year low of €7.09 ($8.24) and a 1-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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