Zacks Investment Research Lowers Norsk Hydro ASA (NHYDY) to Hold
Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued 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 upgraded shares of Norsk Hydro ASA from an “underperform” rating to an “outperform” rating in a research report on Thursday, July 21st. Two equities 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 stock. Norsk Hydro ASA presently has an average rating of “Hold” and an average price target of $4.50.
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Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) traded up 3.20% on Wednesday, hitting $4.19. 65,796 shares of the stock traded hands. The firm has a market cap of $8.56 billion, a P/E ratio of 20.95 and a beta of 1.39. Norsk Hydro ASA has a 52 week low of $2.93 and a 52 week high of $4.48. The stock has a 50-day moving average price of $4.23 and a 200 day moving average price of $4.01.
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