Norsk Hydro ASA (NHYDY) Upgraded by Zacks Investment Research to “Hold”
Zacks Investment Research upgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a sell rating to a hold rating in a research note released on Thursday.
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 analysts have also recently issued reports about the stock. BNP Paribas raised shares of Norsk Hydro ASA from a neutral rating to an outperform rating in a research report on Wednesday, September 6th. Credit Suisse Group raised shares of Norsk Hydro ASA from a neutral rating to an outperform rating in a research report on Wednesday, July 26th. ValuEngine cut shares of Norsk Hydro ASA from a buy rating to a hold rating in a research report on Monday, October 2nd. Finally, Deutsche Bank AG cut shares of Norsk Hydro ASA from a hold rating to a sell rating in a research report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $8.25.
Shares of Norsk Hydro ASA (OTCMKTS NHYDY) traded up $0.12 during trading on Thursday, reaching $7.60. 650 shares of the company were exchanged, compared to its average volume of 32,095. The company has a current ratio of 2.31, a quick ratio of 1.56 and a debt-to-equity ratio of 0.04. Norsk Hydro ASA has a 12-month low of $4.46 and a 12-month high of $7.93. The stock has a market cap of $15,281.64, a PE ratio of 19.18, a price-to-earnings-growth ratio of 0.80 and a beta of 0.87.
Norsk Hydro ASA Company Profile
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