Norsk Hydro ASA (NHYDY) Given Average Rating of “Hold” by Analysts
Norsk Hydro ASA (OTCMKTS:NHYDY) has been given an average recommendation of “Hold” by the eleven ratings firms that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and six have given a buy recommendation to the company.
Several brokerages recently issued reports on NHYDY. Goldman Sachs Group lowered Norsk Hydro ASA from a “buy” rating to a “sell” rating in a report on Friday, January 18th. Zacks Investment Research lowered Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Wednesday, December 26th. Nordea Equity Research upgraded Norsk Hydro ASA from a “hold” rating to a “buy” rating in a report on Friday, March 15th. Macquarie began coverage on Norsk Hydro ASA in a report on Thursday, March 7th. They set an “outperform” rating for the company. Finally, Pareto Securities lowered Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Friday, February 8th.
Shares of Norsk Hydro ASA stock opened at $4.44 on Thursday. The firm has a market capitalization of $9.09 billion, a PE ratio of 13.06 and a beta of 0.73. The company has a quick ratio of 0.82, a current ratio of 1.59 and a debt-to-equity ratio of 0.08. Norsk Hydro ASA has a 12 month low of $3.78 and a 12 month 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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