Nordex (ETR:NDX1) Stock Upgrade
Trading for shares of Nordex (ETR:NDX1) will be watched closely today, as Norddeutsche Landesbank raised the stock to a solid rating of a “Buy”. In addition to their ratings upgrade, Norddeutsche Landesbank set a Estimated Target Price of EUR 36.00 which was 12.96% higher.
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 -5.41% below today’s (€31.77) 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 0.06% or EUR 0.02 on December 3, striking EUR 31.77. Approximately 889,980 shares of stock traded hands or 32.55% up from the average. Nordex SE (ETR:NDX1) has risen 6.00% since November 4, 2015 and is uptrending. It has outperformed by 6.29% the S&P500.
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 2.57 billion EUR. Under the Nordex brand, the Company offers wind turbines Nordex N90/2500, N100/2500 and N117/2400. It has 45.56 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.