Norsk Hydro ASA (NHYDY) Rating Lowered to Neutral at J P Morgan Chase & Co
Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by research analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a note issued to investors on Thursday.
A number of other research analysts have also recently weighed in on NHYDY. ValuEngine upgraded Norsk Hydro ASA from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BNP Paribas upgraded Norsk Hydro ASA from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 6th. Zacks Investment Research cut Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Friday, September 8th. Finally, Deutsche Bank cut Norsk Hydro ASA from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $8.25.
Norsk Hydro ASA (OTCMKTS:NHYDY) opened at $6.75 on Thursday. Norsk Hydro ASA has a fifty-two week low of $4.55 and a fifty-two week high of $7.93. The firm has a market capitalization of $13,790.25, a price-to-earnings ratio of 17.31, a P/E/G ratio of 0.74 and a beta of 0.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 1.56.
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