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Jefferies Reaffirms Their Buy Rating on Nordex (NRDXF)

Jefferies analyst Constantin Hesse maintained a Buy rating on Nordex (NRDXFResearch Report) today and set a price target of EUR16.00. The company’s shares closed last Monday at $9.64.

According to TipRanks, Hesse is a 3-star analyst with an average return of 6.7% and a 46.03% success rate.

Nordex has an analyst consensus of Hold, with a price target consensus of $10.41.

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The company has a one-year high of $21.00 and a one-year low of $7.79. Currently, Nordex has an average volume of 2,591.

Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of NRDXF in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Nordex SE is a strategic management holding company, which engages in the development, production, servicing, and marketing of wind power systems. It operates through the Projects and Service segments. The Projects segment comprises of the wind turbine and wind farm development business. The Service segment provides services and products for existing turbines after their handover to customers. It also offers inspection and maintenance, inspection of safety equipment, repair service, spare part deliveries, modernization, technical enhancements, condition monitoring system, customer training, and remote monitoring and management. Nordex was founded in 1985 and is headquartered in Hamburg, Germany.

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