Nordex (NDX1) PT Set at €6.90 by HSBC

HSBC set a €6.90 ($8.21) target price on Nordex (ETR:NDX1) in a report issued on Monday morning. The brokerage currently has a sell rating on the stock.

A number of other brokerages have also recently issued reports on NDX1. Independent Research set a €10.40 ($12.38) price objective on shares of Nordex and gave the company a neutral rating in a research note on Tuesday, September 19th. set a €8.70 ($10.36) price objective on shares of Nordex and gave the company a sell rating in a research note on Monday, September 25th. Goldman Sachs Group set a €8.00 ($9.52) price objective on shares of Nordex and gave the company a sell rating in a research note on Tuesday, October 10th. Kepler Capital Markets set a €6.70 ($7.98) price objective on shares of Nordex and gave the company a sell rating in a research note on Friday, October 20th. Finally, Warburg Research set a €10.00 ($11.90) price objective on shares of Nordex and gave the company a neutral rating in a research note on Tuesday, October 24th. Eight research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of €7.86 ($9.36).

Shares of Nordex (ETR NDX1) traded up €0.58 ($0.69) during trading hours on Monday, hitting €10.24 ($12.18). 1,278,539 shares of the stock were exchanged, compared to its average volume of 613,074. The company has a market cap of $982.43 and a price-to-earnings ratio of 16.78. Nordex has a 1 year low of €7.10 ($8.45) and a 1 year high of €21.66 ($25.79).

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About Nordex

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.

Analyst Recommendations for Nordex (ETR:NDX1)

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