Nordex (ETR:NDX1) has been given a €10.00 ($11.63) target price by Goldman Sachs Group in a research report issued to clients and investors on Wednesday. The firm presently has a “neutral” rating on the stock. Goldman Sachs Group’s price objective would suggest a potential upside of 19.05% from the stock’s previous close.
Several other research analysts have also recently issued reports on the stock. Commerzbank set a €10.00 ($11.63) target price on shares of Nordex and gave the stock a “neutral” rating in a report on Friday, October 26th. Deutsche Bank set a €14.00 ($16.28) target price on shares of Nordex and gave the stock a “neutral” rating in a report on Wednesday, October 3rd. HSBC set a €7.10 ($8.26) target price on shares of Nordex and gave the stock a “sell” rating in a report on Tuesday, October 2nd. Citigroup set a €7.60 ($8.84) target price on shares of Nordex and gave the stock a “sell” rating in a report on Thursday, September 27th. Finally, Nord/LB set a €12.70 ($14.77) target price on shares of Nordex and gave the stock a “buy” rating in a report on Wednesday, August 29th. Eight equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. Nordex currently has a consensus rating of “Hold” and an average price target of €9.02 ($10.49).
Shares of Nordex stock opened at €8.40 ($9.77) 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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