HSBC set a €10.20 ($11.86) price target on Nordex (ETR:NDX1) in a research note published on Wednesday, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
A number of other analysts also recently issued reports on NDX1. Goldman Sachs Group set a €45.00 ($52.33) price objective on shares of Deutsche Post and gave the stock a buy rating in a report on Thursday, April 18th. Kepler Capital Markets set a €49.00 ($56.98) price objective on shares of Scout24 and gave the stock a neutral rating in a report on Tuesday, May 14th. Independent Research set a €11.70 ($13.60) price objective on shares of Nordex and gave the stock a sell rating in a report on Wednesday, May 22nd. Oddo Bhf set a €16.00 ($18.60) price objective on shares of Nordex and gave the stock a buy rating in a report on Wednesday, March 27th. Finally, Nord/LB set a €16.00 ($18.60) price objective on shares of Nordex and gave the stock a buy rating in a report on Monday, May 20th. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Nordex presently has an average rating of Hold and a consensus target price of €11.61 ($13.50).
ETR NDX1 opened at €12.65 ($14.71) on Wednesday. Nordex has a 52-week low of €7.11 ($8.27) and a 52-week high of €15.75 ($18.31). The company has a debt-to-equity ratio of 64.43, a current ratio of 1.11 and a quick ratio of 0.51. The company has a market cap of $1.23 billion and a P/E ratio of -12.33. The stock’s fifty day moving average is €13.02.
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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