In a report released today, Martin Wilkie from Citi maintained a Buy rating on Nordex, with a price target of €26.50. The company’s shares closed last Monday at $23.50.
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Wilkie covers the Industrials sector, focusing on stocks such as LEGRAND, Schneider Electric, and Nordex. According to TipRanks, Wilkie has an average return of 21.9% and a 73.87% success rate on recommended stocks.
In addition to Citi, Nordex also received a Buy from Deutsche Bank ‘s Gael De-Bray in a report issued today. However, yesterday, RBC Capital downgraded Nordex (Other OTC: NRDXF) to a Sell.
Based on Nordex’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.87 billion and a net profit of $31.03 million. In comparison, last year the company earned a revenue of $1.86 billion and had a net profit of $520 thousand
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