Oddo Bhf Lowers Nordex (OTCMKTS:NRDXF) to Neutral

Nordex (OTCMKTS:NRDXFGet Rating) was downgraded by Oddo Bhf from an “outperform” rating to a “neutral” rating in a note issued to investors on Wednesday, The Fly reports. They presently have a €13.00 ($13.83) target price on the stock.

NRDXF has been the subject of several other reports. Citigroup cut Nordex from a “buy” rating to a “neutral” rating and lifted their price objective for the company 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 research report on Friday, May 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $16.17.

OTCMKTS NRDXF opened at $12.05 on Wednesday. The stock’s 50-day moving average is $15.93 and its 200-day moving average is $16.05. Nordex has a one year low of $11.49 and a one year high of $25.08.

About Nordex (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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