Norsk Hydro ASA (NHYDY) Upgraded at JPMorgan Chase & Co.
JPMorgan Chase & Co. upgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a neutral rating to an overweight rating in a research report sent to investors on Thursday, The Fly reports.
A number of other equities research analysts have also recently commented on NHYDY. Zacks Investment Research cut Norsk Hydro ASA from a buy rating to a hold rating in a report on Tuesday, January 24th. Goldman Sachs Group Inc raised Norsk Hydro ASA from a neutral rating to a buy rating in a report on Tuesday, March 7th. Finally, Berenberg Bank reissued a sell rating on shares of Norsk Hydro ASA in a report on Saturday, February 4th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $6.50.
Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) opened at 6.10 on Thursday. The company has a market cap of $12.46 billion, a price-to-earnings ratio of 16.67 and a beta of 1.09. Norsk Hydro ASA has a 1-year low of $3.35 and a 1-year high of $6.26. The stock has a 50 day moving average price of $5.78 and a 200-day moving average price of $4.88.
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