Goldman Sachs Group Upgrades Norsk Hydro ASA (OTCMKTS:NHYDY) to “Neutral”

Goldman Sachs Group upgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a sell rating to a neutral rating in a research note issued to investors on Monday morning, The Fly reports.

NHYDY has been the topic of a number of other research reports. JPMorgan Chase & Co. lowered Norsk Hydro ASA from an overweight rating to an underweight rating in a report on Monday. ValuEngine upgraded Norsk Hydro ASA from a sell rating to a hold rating in a report on Wednesday, December 4th. Finally, Zacks Investment Research raised Norsk Hydro ASA from a sell rating to a buy rating and set a $4.00 price target for the company in a research report on Thursday, January 23rd. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $4.00.

NHYDY stock opened at $3.27 on Monday. Norsk Hydro ASA has a twelve month low of $2.93 and a twelve month high of $4.65. 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 stock’s 50 day moving average is $3.48 and its 200-day moving average is $3.47. The firm has a market capitalization of $6.69 billion, a PE ratio of -32.70, a P/E/G ratio of 3.42 and a beta of 0.97.

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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Analyst Recommendations for Norsk Hydro ASA (OTCMKTS:NHYDY)

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