Goldman Sachs Group upgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a neutral rating to a buy rating in a report released on Wednesday morning, The Fly reports.
A number of other brokerages also recently issued reports on NHYDY. ValuEngine downgraded shares of Norsk Hydro ASA from a sell rating to a strong sell rating in a research report on Tuesday, July 2nd. Deutsche Bank downgraded shares of Norsk Hydro ASA from a buy rating to a hold rating in a research report on Wednesday, July 10th. JPMorgan Chase & Co. raised shares of Norsk Hydro ASA from a neutral rating to an overweight rating in a research report on Tuesday, May 21st. Zacks Investment Research downgraded shares of Norsk Hydro ASA from a hold rating to a sell rating in a research report on Saturday, September 7th. Finally, Citigroup downgraded shares of Norsk Hydro ASA from a buy rating to a neutral rating in a research report on Monday, August 12th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. Norsk Hydro ASA presently has an average rating of Hold and an average price target of $5.00.
Shares of Norsk Hydro ASA stock opened at $3.77 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.07 and a debt-to-equity ratio of 0.22. The company’s fifty day simple moving average is $3.27 and its two-hundred day simple moving average is $3.77. The company has a market cap of $7.71 billion, a P/E ratio of 11.09, a PEG ratio of 2.89 and a beta of 0.90. Norsk Hydro ASA has a 12-month low of $2.93 and a 12-month high of $6.21.
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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