Zacks Investment Research upgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a hold rating to a buy rating in a report issued on Tuesday. The brokerage currently has $5.00 target price on the stock.
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 company currently has a consensus rating of Hold and a consensus target price of $5.00.
Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) opened at 4.27 on Tuesday. Norsk Hydro ASA has a one year low of $2.93 and a one year high of $4.48. The company’s 50-day moving average is $4.21 and its 200-day moving average is $4.04. The stock has a market capitalization of $8.72 billion, a P/E ratio of 20.73 and a beta of 1.20.
About Norsk Hydro ASA