9.31% to Target, Warburg Research Reiterates ‘”Hold”’ Rating on Nordex (ETR:NDX1) Shares Today


Nordex (ETR:NDX1) Rating Reaffirmed

Frankfurt: In analysts report sent to investors on Wednesday morning, Warburg Research reaffirmed their “Hold” rating on Nordex (ETR:NDX1) shares. They now have a EUR 35.00 TP on the company. Warburg Research’s target would suggest a potential upside of 9.31% from the company’s previous close.

From a total of 10 analysts covering Nordex (ETR:NDX1) stock, 6 rate it a ”Buy”, 1 a “Sell”, and 3 a ”Hold”. This means that 60% of the ratings are positive. The highest target price is €40 while the lowest target price is €15.50. The mean of all analyst targets is €31.85 with a -0.34% below today’s (€31.96) stock price. Nordex was the topic of 23 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Warburg Research maintained shares on December 9 with “Hold” rating. Independent Research maintained shares with “Hold” rating and €33 target share price in a report from a November 14. Landesbank upgraded NDX1 stock in a recent report from December 4 to “Buy” rating. Oddo & Cie upgraded the rating on November 7. Oddo & Cie has a “Buy” rating and a €34 price target on shares. Finally, Goldman Sachs upgraded the stock to “Buy” rating in a report issued on a November 28.

Approximately 213,758 shares of stock traded hands. Nordex SE (ETR:NDX1) has risen 6.00% since November 9, 2015 and is uptrending. It has outperformed by 6.80% the S&P500.

9.31% to Target, Warburg Research Reiterates ‘

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 2.63 billion EUR. Under the Nordex brand, the Company offers wind turbines Nordex N90/2500, N100/2500 and N117/2400. It has 45.83 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.