Norsk Hydro ASA (NHYDY) Rating Lowered to Hold at Pareto Securities

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by analysts at Pareto Securities from a “buy” rating to a “hold” rating in a report released on Friday, The Fly reports.

Several other brokerages have also recently issued reports on NHYDY. Zacks Investment Research raised Norsk Hydro ASA from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Thursday, November 8th. ValuEngine cut Norsk Hydro ASA from a “hold” rating to a “sell” rating in a report on Wednesday, November 7th. Finally, Goldman Sachs Group cut Norsk Hydro ASA from a “buy” rating to a “sell” rating in a report on Friday, January 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $5.00.

Shares of Norsk Hydro ASA stock opened at $4.22 on Friday. Norsk Hydro ASA has a one year low of $4.18 and a one year high of $7.59. The firm has a market capitalization of $9.23 billion, a P/E ratio of 8.79, a P/E/G ratio of 0.86 and a beta of 0.82. The company has a current ratio of 1.71, a quick ratio of 1.00 and a debt-to-equity ratio of 0.11.

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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