Norsk Hydro ASA (NHYDY) Rating Lowered to Hold at ValuEngine

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report issued on Wednesday.

NHYDY has been the topic of a number of other research reports. Zacks Investment Research upgraded shares of Norsk Hydro ASA from a “hold” rating to a “buy” rating and set a $8.25 target price on the stock in a report on Thursday, October 5th. Deutsche Bank lowered shares of Norsk Hydro ASA from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Finally, BNP Paribas upgraded shares of Norsk Hydro ASA from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Norsk Hydro ASA presently has an average rating of “Buy” and an average price target of $8.25.

Shares of Norsk Hydro ASA (NHYDY) opened at $6.44 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 1.56. Norsk Hydro ASA has a fifty-two week low of $4.55 and a fifty-two week high of $7.93. The firm has a market cap of $13,463.37, a PE ratio of 16.90, a P/E/G ratio of 0.72 and a beta of 0.82.

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About Norsk Hydro ASA

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