Norsk Hydro ASA (OTCMKTS:NHYDY) was upgraded by research analysts at Nordea Equity Research from a “hold” rating to a “buy” rating in a research report issued on Friday, The Fly reports.
Several other research analysts have also recently weighed in on NHYDY. ValuEngine raised Norsk Hydro ASA from a “sell” rating to a “hold” rating in a research report on Wednesday, December 5th. Zacks Investment Research cut Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Wednesday, December 26th. Goldman Sachs Group cut Norsk Hydro ASA from a “buy” rating to a “sell” rating in a research report on Friday, January 18th. Pareto Securities cut Norsk Hydro ASA from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. Finally, Macquarie started coverage on Norsk Hydro ASA in a research report on Thursday, March 7th. They set an “outperform” rating for the company. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $5.00.
NHYDY stock opened at $4.02 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.59 and a debt-to-equity ratio of 0.08. The stock has a market cap of $8.24 billion, a PE ratio of 11.82, a PEG ratio of 1.06 and a beta of 0.74. Norsk Hydro ASA has a fifty-two week low of $3.78 and a fifty-two week high of $7.05.
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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