Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by equities researchers at Goldman Sachs Group from a “buy” rating to a “sell” rating in a research note issued to investors on Friday, The Fly reports.
Several other research analysts have also recently issued reports on the company. ValuEngine raised Norsk Hydro ASA from a “sell” rating to a “hold” rating in a research report on Wednesday, December 5th. Zacks Investment Research raised Norsk Hydro ASA from a “hold” rating to a “buy” rating and set a $6.00 price objective on the stock in a research report on Thursday, November 8th. Morgan Stanley raised Norsk Hydro ASA from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 25th. Finally, JPMorgan Chase & Co. cut Norsk Hydro ASA from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 3rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Norsk Hydro ASA presently has an average rating of “Hold” and an average target price of $6.00.
Shares of NHYDY stock opened at $4.77 on Friday. The company has a market capitalization of $9.82 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 0.92 and a beta of 0.82. The company has a quick ratio of 1.00, a current ratio of 1.71 and a debt-to-equity ratio of 0.11. Norsk Hydro ASA has a fifty-two week low of $4.32 and a fifty-two week high of $7.79.
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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