Commerzbank AG Raises Rating of Nordex (ETR:NDX1) To Buy. The Targeted Price Provided Is EUR 40.00

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Nordex (ETR:NDX1) Stock Upgrade

Nordex (ETR:NDX1) was just upgraded by Commerzbank AG to a respectable Buy rating in a very recent research note made public on Saturday morning. The firm now has a EUR 40.00 target on the shares. This target is 23.57% from NDX1’s current share price.

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 €30.35 with a -6.27% below today’s (€32.38) stock price. Nordex was the topic of 21 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Landesbank upgraded shares on December 4 to “Buy” rating. Macquarie Research downgraded shares to “Underperform” rating and €15.50 target share price in a report from an October 7. Goldman Sachs upgraded NDX1 stock in a recent report from November 28 to “Buy” rating. Deutsche Bank upgraded the rating on October 7. Deutsche Bank has a “Buy” rating and a €30 price target on shares. Finally, Oddo & Cie upgraded the stock to “Buy” rating in a report issued on a November 7.

The stock increased 1.90% or EUR 0.6 on December 4, striking EUR 32.38. Approximately 664,244 shares of stock traded hands. Nordex SE (ETR:NDX1) has risen 6.00% since November 5, 2015 and is uptrending. It has outperformed by 8.78% the S&P500.

 Commerzbank AG Raises Rating of Nordex (ETR:NDX1) To Buy. The Targeted Price Provided Is EUR 40.00

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 2.62 billion EUR. Under the Nordex brand, the Company offers wind turbines Nordex N90/2500, N100/2500 and N117/2400. It has 46.43 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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