Norsk Hydro ASA (NHYDY) Lowered to Hold at Zacks Investment Research
Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “Norsk Hydro ASA is an aluminium company with production, sales and trading activities. The company’s operating segment consists of Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Energy and Other and eliminations. Norsk Hydro ASA is headquartered in Oslo, Norway. “
Separately, Credit Suisse Group AG raised shares of Norsk Hydro ASA from an “underperform” rating to an “outperform” rating in a report on Thursday, July 21st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Norsk Hydro ASA has a consensus rating of “Hold” and an average target price of $4.50.
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Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) opened at 4.06 on Wednesday. The firm has a market capitalization of $8.29 billion, a PE ratio of 20.20 and a beta of 1.39. The company has a 50 day moving average of $4.23 and a 200 day moving average of $4.01. Norsk Hydro ASA has a 52-week low of $2.93 and a 52-week high of $4.48.
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