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
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