Zacks Investment Research upgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a sell rating to a buy rating in a research note published on Thursday, Zacks.com reports. They currently have $3.25 price target on the industrial products company’s stock.
According to Zacks, “Norsk Hydro ASA is an aluminium company with production, sales and trading activities. The company’s operating segment consists of Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Energy and Other and eliminations. Norsk Hydro ASA is headquartered in Oslo, Norway. “
Other equities analysts have also issued research reports about the company. Nordea Equity Research lowered Norsk Hydro ASA from a buy rating to a hold rating in a research note on Thursday, July 2nd. JPMorgan Chase & Co. reissued an underweight rating on shares of Norsk Hydro ASA in a research note on Tuesday, July 28th. Credit Suisse Group lowered Norsk Hydro ASA from an outperform rating to a neutral rating in a research note on Thursday, May 7th. Deutsche Bank reaffirmed a hold rating on shares of Norsk Hydro ASA in a research note on Thursday, April 30th. Finally, Danske lowered Norsk Hydro ASA from a buy rating to a hold rating in a research note on Thursday, July 23rd. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $3.25.
OTCMKTS NHYDY opened at $2.73 on Thursday. The stock’s fifty day moving average is $2.82 and its two-hundred day moving average is $2.70. The firm has a market capitalization of $5.58 billion, a P/E ratio of -10.90, a price-to-earnings-growth ratio of 0.40 and a beta of 1.17. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.11 and a current ratio of 1.81. Norsk Hydro ASA has a fifty-two week low of $1.89 and a fifty-two week high of $3.91.
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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