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Nordex (ETR:NDX1) Stock Upgrade

In a note revealed earlier today, Goldman Sachs Group Inc. upgraded shares of Nordex (ETR:NDX1) to a “Buy”. Analysts currently have a EUR 38.00 target on the shares. Goldman Sachs Group Inc.’s target may imply a ppossible upside of 21.72% from the previous close of the stock.

From a total of 10 analysts covering Nordex (ETR:NDX1) stock, 7 rate it a ”Buy”, 1 a “Sell”, and 2 a ”Hold”. This means that 70% of the ratings are positive. The highest target price is €38 while the lowest target price is €15.50. The mean of all analyst targets is €30.05 with a -3.87% below today’s (€31.26) stock price. Nordex was the topic of 20 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Kepler Cheuvreux maintained shares on November 28 with “Hold” rating. Macquarie Research downgraded shares to “Underperform” rating and €15.50 target share price in a report from an October 7. Independent Research maintained NDX1 stock in a recent report from November 14 with “Hold” rating. Deutsche Bank upgraded the rating on October 7. Deutsche Bank has a “Buy” rating and a €30 price target on shares. Finally, Landesbank upgraded the stock to “Buy” rating in a report issued on an October 8.

The stock increased 3.58% or EUR 1.08 on November 27, striking EUR 31.26. Approximately 946,579 shares of stock traded hands or 48.45% up from the average. Nordex SE (ETR:NDX1) has risen 6.00% since October 29, 2015 and is uptrending. It has outperformed by 6.89% the S&P500.

 Is Nordex (ETR:NDX1) Now a ‘Buy’? Goldman Sachs Group Inc. Upgrades Stock

Nordex SE is a Germany-based holding firm that, along with its subsidiaries, develops, makes and distributes wind power systems, specializing in wind turbines, in Germany and other countries. The company has a market cap of 2.53 billion EUR. Under the Nordex brand, the Company offers wind turbines Nordex N90/2500, N100/2500 and N117/2400. It has 44.83 P/E ratio. In addition to the development and production of wind power systems, the Company also provides preliminary project development services to support marketing, as well as acquires rights and creates the infrastructure required to construct wind power systems at suitable locations.

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