Barclays began coverage on shares of Norsk Hydro ASA (OTCMKTS:NHYDY) in a research note issued to investors on Thursday, The Fly reports. The brokerage issued an underweight rating on the industrial products company’s stock.
A number of other equities analysts also recently issued reports on the company. Zacks Investment Research downgraded Norsk Hydro ASA from a hold rating to a sell rating in a research report on Saturday, September 7th. ValuEngine downgraded Norsk Hydro ASA from a sell rating to a strong sell rating in a research report on Tuesday, July 2nd. Bank of America downgraded Norsk Hydro ASA from a buy rating to a neutral rating in a research report on Friday, August 16th. Goldman Sachs Group upgraded Norsk Hydro ASA from a neutral rating to a buy rating in a research report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. upgraded Norsk Hydro ASA from a neutral rating to an overweight rating in a research report on Tuesday, May 21st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $5.00.
Norsk Hydro ASA stock opened at $3.77 on Thursday. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 2.85 and a beta of 0.90. Norsk Hydro ASA has a 52 week low of $2.93 and a 52 week high of $6.21. The business’s 50-day moving average price is $3.27 and its 200 day moving average price is $3.77. The company has a quick ratio of 1.07, a current ratio of 1.77 and a debt-to-equity ratio of 0.22.
Norsk Hydro ASA Company Profile
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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