Norsk Hydro ASA (OTCMKTS:NHYDY) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, ValuEngine reports.
Other equities research analysts also recently issued reports about the company. Citigroup downgraded Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a report on Monday, August 12th. Bank of America cut Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a report on Friday, August 16th. Goldman Sachs Group upgraded Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, September 11th. Zacks Investment Research lowered Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research report on Tuesday, October 15th. Finally, Barclays initiated coverage on Norsk Hydro ASA in a research note on Thursday, September 12th. They set an “underweight” rating for the company. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Norsk Hydro ASA currently has a consensus rating of “Hold” and an average target price of $5.00.
Shares of NHYDY stock opened at $3.45 on Wednesday. Norsk Hydro ASA has a 12-month low of $2.93 and a 12-month high of $4.89. The firm has a market capitalization of $7.06 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 1.76 and a beta of 0.90. The company has a quick ratio of 1.18, a current ratio of 1.90 and a debt-to-equity ratio of 0.24. The firm has a fifty day moving average of $3.61 and a 200-day moving average of $3.52.
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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