Norsk Hydro ASA (NHYDY) Rating Increased to Hold at ValuEngine
Norsk Hydro ASA (OTCMKTS:NHYDY) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Wednesday.
A number of other research firms have also recently weighed in on NHYDY. Zacks Investment Research cut shares of Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research note on Tuesday, September 18th. JPMorgan Chase & Co. cut shares of Norsk Hydro ASA from an “overweight” rating to a “neutral” rating in a research note on Wednesday, October 3rd. Morgan Stanley raised shares of Norsk Hydro ASA from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, September 25th. Finally, Goldman Sachs Group raised shares of Norsk Hydro ASA from a “neutral” rating to a “buy” rating in a research note on Sunday, October 7th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $6.00.
OTCMKTS NHYDY opened at $4.67 on Wednesday. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 9.73, a P/E/G ratio of 1.21 and a beta of 0.89. Norsk Hydro ASA has a fifty-two week low of $4.58 and a fifty-two week high of $7.85. The company has a current ratio of 1.71, a quick ratio of 1.00 and a debt-to-equity ratio of 0.11.
About Norsk Hydro ASA
Norsk Hydro ASA engages in producing and supplying alumina and primary aluminum. It operates through the following segments: Bauxite & Alumina; Primary Metal; Metal Markets; Rolled Products; Extended Solutions; Energy; and Other Eliminations. The Bauxite & Alumina segment include bauxite mining activities, sourcing arrangements, and alumina commercial operations.
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