Zacks Investment Research upgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a hold rating to a buy rating in a research report report published on Tuesday. The firm currently has $5.00 price objective 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 upgraded shares of Norsk Hydro ASA from an underperform rating to an outperform rating in a report on Thursday, July 21st. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $5.00.
Norsk Hydro ASA (OTCMKTS:NHYDY) opened at 4.2625 on Tuesday. The firm has a market cap of $8.71 billion, a PE ratio of 20.6917 and a beta of 1.20. 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.
About Norsk Hydro ASA
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