Citigroup Lowers Norsk Hydro ASA (OTCMKTS:NHYDY) to Neutral
A number of other research analysts have also weighed in on NHYDY. Goldman Sachs Group raised Norsk Hydro ASA from a sell rating to a neutral rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. raised Norsk Hydro ASA from a neutral rating to an overweight rating in a research report on Tuesday, May 21st. Zacks Investment Research raised Norsk Hydro ASA from a sell rating to a hold rating in a research report on Friday, August 2nd. ValuEngine lowered Norsk Hydro ASA from a sell rating to a strong sell rating in a research report on Tuesday, July 2nd. Finally, Deutsche Bank lowered Norsk Hydro ASA from a buy rating to a hold rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $5.00.
Shares of OTCMKTS:NHYDY opened at $3.01 on Monday. Norsk Hydro ASA has a 52-week low of $2.96 and a 52-week high of $6.21. The firm has a market capitalization of $6.16 billion, a P/E ratio of 8.85, a P/E/G ratio of 2.06 and a beta of 0.85. The stock has a 50 day moving average price of $3.50 and a 200-day moving average price of $3.91. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.87 and a current ratio of 1.57.
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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