Norsk Hydro ASA (NHYDY) Lowered to Hold at ValuEngine
Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Wednesday.
Several other research analysts have also weighed in on the company. Zacks Investment Research raised Norsk Hydro ASA from a “hold” rating to a “buy” rating and set a $8.25 target price on the stock in a research report on Saturday, September 9th. Deutsche Bank lowered Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Finally, BNP Paribas raised Norsk Hydro ASA from a “neutral” rating to an “outperform” rating in a research report on Wednesday, September 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Norsk Hydro ASA presently has a consensus rating of “Buy” and an average target price of $8.25.
Shares of Norsk Hydro ASA (NHYDY) traded down $0.10 during mid-day trading on Wednesday, reaching $6.49. The company’s stock had a trading volume of 14,399 shares, compared to its average volume of 26,039. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.56 and a current ratio of 2.31. Norsk Hydro ASA has a 12 month low of $4.55 and a 12 month high of $7.93. The firm has a market cap of $13,769.82, a price-to-earnings ratio of 17.28, a P/E/G ratio of 0.73 and a beta of 0.82.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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