The Goldman Sachs Group assumed coverage on shares of Norsk Hydro ASA (OTCMKTS:NHYDY) in a research report report published on Monday, The Fly reports. The brokerage issued a buy rating on the industrial products company’s stock.
NHYDY has been the topic of a number of other reports. UBS Group lowered Norsk Hydro ASA from a buy rating to a neutral rating in a research report on Friday, January 15th. Exane BNP Paribas upgraded Norsk Hydro ASA from a neutral rating to an outperform rating in a research report on Tuesday, December 15th. Zacks Investment Research lowered Norsk Hydro ASA from a buy rating to a hold rating in a research report on Saturday, March 13th. JPMorgan Chase & Co. restated a neutral rating on shares of Norsk Hydro ASA in a research report on Tuesday, March 16th. Finally, Deutsche Bank Aktiengesellschaft restated a buy rating on shares of Norsk Hydro ASA in a research report on Wednesday, March 17th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $6.75.
Shares of NHYDY opened at $6.67 on Monday. Norsk Hydro ASA has a 1 year low of $1.90 and a 1 year high of $6.82. The company has a current ratio of 2.22, a quick ratio of 1.54 and a debt-to-equity ratio of 0.34. The stock has a 50 day simple moving average of $6.12 and a 200-day simple moving average of $4.55. The stock has a market cap of $13.65 billion, a PE ratio of -35.11, a PEG ratio of 0.32 and a beta of 1.57.
About Norsk Hydro ASA
Norsk Hydro ASA operates as an integrated aluminum company worldwide. It operates through six segments: Bauxite & Alumina, Aluminium Metal, Metal Markets, Rolling, Extrusions, and Energy. The Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, primarily the sale of alumina.
See Also: Dividend Reinvestment Plan (DRIP)
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