Deutsche Bank lowered shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a buy rating to a hold rating in a research report report published on Wednesday morning, The Fly reports.
Several other equities research analysts have also recently weighed in on the company. ValuEngine cut Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Zacks Investment Research raised DLH from a sell rating to a hold rating in a research note on Tuesday. Goldman Sachs Group raised Norsk Hydro ASA from a sell rating to a neutral rating in a research note on Wednesday, May 8th. Nordea Equity Research raised Norsk Hydro ASA from a hold rating to a buy rating in a research note on Friday, March 15th. Finally, Citigroup reissued a buy rating on shares of Rolls-Royce in a research note on Monday, April 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $5.00.
NHYDY traded up $0.00 on Wednesday, reaching $3.57. The stock had a trading volume of 66,479 shares, compared to its average volume of 86,039. The stock has a market cap of $7.30 billion, a P/E ratio of 10.50, a price-to-earnings-growth ratio of 1.82 and a beta of 0.82. The firm’s 50-day moving average price is $3.63. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.57 and a quick ratio of 0.87. Norsk Hydro ASA has a fifty-two week low of $3.45 and a fifty-two week high of $6.21.
About Norsk Hydro ASA
Norsk Hydro ASA operates as an integrated aluminum company worldwide. It operates in six segments: Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Extruded Solutions, and Energy. The Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, as well as the sale of alumina.
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