Today The Norsk Hydro ASA (NHYDY) Downgraded to Hold at Zacks Investment Research

Today The Norsk Hydro ASA (NHYDY) Downgraded to Hold at Zacks Investment Research

Zacks Investment Research cut shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a buy rating to a hold rating in a research report report published on Tuesday.

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. “

NHYDY has been the topic of several other reports. J P Morgan Chase & Co downgraded Norsk Hydro ASA from a neutral rating to an underweight rating in a research report on Tuesday, December 13th. Berenberg Bank reaffirmed a sell rating on shares of Norsk Hydro ASA in a research report on Sunday, December 4th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $5.25.

Norsk Hydro ASA (OTCMKTS:NHYDY) traded down 0.41% during midday trading on Tuesday, reaching $5.77. The company’s stock had a trading volume of 10,049 shares. Norsk Hydro ASA has a 1-year low of $3.08 and a 1-year high of $5.78. The firm has a 50 day moving average price of $4.86 and a 200 day moving average price of $4.42. The firm has a market capitalization of $11.79 billion, a PE ratio of 17.12 and a beta of 1.13.

About Norsk Hydro ASA

Get a free copy of the Zacks research report on Norsk Hydro ASA (NHYDY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Related posts

Leave a Comment