Kepler Capital Markets set a €9.60 ($11.16) target price on Nordex (ETR:NDX1) in a research note released on Tuesday morning, Borsen Zeitung reports. The firm currently has a sell rating on the stock.
A number of other equities analysts have also recently issued reports on NDX1. Goldman Sachs Group set a €14.00 ($16.28) target price on Nordex and gave the stock a buy rating in a report on Wednesday, February 27th. HSBC set a €10.00 ($11.63) target price on Nordex and gave the stock a sell rating in a report on Monday, April 8th. Independent Research set a €8.30 ($9.65) target price on Nordex and gave the stock a sell rating in a report on Friday, February 22nd. Nord/LB set a €14.00 ($16.28) target price on Nordex and gave the stock a buy rating in a report on Tuesday, February 26th. Finally, Oddo Bhf set a €16.00 ($18.60) target price on Nordex and gave the stock a buy rating in a report on Wednesday, March 27th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of €11.27 ($13.10).
Nordex stock opened at €13.51 ($15.71) on Tuesday. The company has a market cap of $1.31 billion and a price-to-earnings ratio of -15.62. 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 current ratio of 1.16, a quick ratio of 0.65 and a debt-to-equity ratio of 92.52.
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.
Further Reading: Fundamental Analysis and Individual Investors
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