Oddo Bhf Downgrades Nordex (OTCMKTS:NRDXF) to Neutral

Oddo Bhf downgraded shares of Nordex (OTCMKTS:NRDXFGet Rating) from an outperform rating to a neutral rating in a report released on Wednesday, The Fly reports. The brokerage currently has €13.00 ($13.83) target price on the stock.

NRDXF has been the topic of several other research reports. Citigroup lowered Nordex from a buy rating to a neutral rating and lifted their price target for the stock from €18.00 ($19.15) to €19.50 ($20.74) in a report on Friday, March 11th. Cheuvreux lowered Nordex from a hold rating to a reduce rating in a report on Friday, May 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Nordex currently has a consensus rating of Hold and an average target price of $16.17.

Shares of NRDXF opened at $11.37 on Wednesday. Nordex has a 52-week low of $10.99 and a 52-week high of $25.08. The stock has a fifty day simple moving average of $15.49 and a two-hundred day simple moving average of $15.95.

Nordex Company Profile (Get Rating)

Nordex SE, together with its subsidiaries, develops, manufactures, and distributes multi-megawatt onshore wind turbines worldwide. It operates through Projects and Services segments. The company provides project development services, as well as acquires rights and creates the infrastructure required to construct wind power systems at suitable locations.

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