Rating Worth Watching: Is Nordex (ETR:NDX1) a Buy? How Analyst Rate it? Why Commerzbank AG Upgraded The Stock

November 24, 2016 - By Marie Mckinney

Rating Worth Watching:  Is Nordex (ETR:NDX1) a Buy? How Analyst Rate it? Why Commerzbank AG Upgraded The Stock

Nordex (ETR:NDX1) Upgrade

Nordex (ETR:NDX1) was boosted by research analysts at Commerzbank AG to Buy rating in analysts report made public on Thursday morning. The firm currently has a EUR 37.00 target price per share on the stock. Commerzbank AG’s target price per share indicates a potential upside of 106.36%.

Nordex SE (ETR:NDX1) Ratings Coverage

Out of 12 analysts covering Nordex (ETR:NDX1), 6 rate it a “Buy”, 2 “Sell”, while 4 “Hold”. This means 50% are positive. €42 is the highest target while €15.50 is the lowest. The €29.04 average target is 56.97% above today’s (€18.5) stock price. Nordex has been the topic of 66 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Landesbank upgraded the shares of NDX1 in a report on Friday, November 11 to “Buy” rating. The rating was upgraded by Goldman Sachs to “Buy” on Saturday, November 28. The firm earned “Hold” rating on Wednesday, March 23 by Independent Research. The stock of Nordex SE (ETR:NDX1) has “Buy” rating given on Thursday, October 27 by Oddo & Cie. The firm earned “Buy” rating on Tuesday, November 15 by Oddo & Cie. The stock has “Buy” rating given by Oddo & Cie on Tuesday, February 16. The rating was upgraded by Commerzbank on Tuesday, April 5 to “Buy”. The rating was upgraded by Oddo & Cie to “Buy” on Wednesday, May 25. On Wednesday, April 20 the stock rating was upgraded by Warburg Research to “Buy”. The stock has “Hold” rating given by Independent Research on Friday, July 29.

About 395,730 shares traded hands. Nordex SE (ETR:NDX1) has risen 6.00% since October 25, 2016 and is uptrending. It has outperformed by 0.59% 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 1.79 billion EUR. Under the Nordex brand, the Company offers wind turbines Nordex N90/2500, N100/2500 and N117/2400. It has a 22.07 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.

More important recent Nordex SE (ETR:NDX1) news were published by: Bloomberg.com which released: “Nordex to Acquire Spain’s Acciona Windpower for $880 Million” on October 04, 2015, also Bloomberg.com published article titled: “Nordex Falls as Sales Seen Below Forecast After Acciona Buy”, Bloomberg.com published: “Nordex Told Assets It’s to Buy From Acciona Targeted in Lawsuit” on November 17, 2015. More interesting news about Nordex SE (ETR:NDX1) was released by: Businesswire.com and their article: “Nordex Helps Uruguay Reach 1000 MW Installed Capacity” with publication date: October 11, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>