Norsk Hydro ASA (NHYDY) Upgraded to “Buy” by Zacks Investment Research
Norsk Hydro ASA (OTCMKTS:NHYDY) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday. The firm presently has a $5.00 target price on the stock. Zacks Investment Research’s price objective points to a potential upside of 14.03% from the stock’s current price.
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, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $5.00.
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Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) opened at 4.385 on Tuesday. The firm has a market cap of $8.96 billion, a P/E ratio of 21.082 and a beta of 1.20. Norsk Hydro ASA has a 12 month low of $2.93 and a 12 month high of $4.48. The stock’s 50 day moving average price is $4.22 and its 200-day moving average price is $4.03.
Norsk Hydro ASA Company Profile
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