UBS Group downgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a buy rating to a neutral rating in a research note released on Wednesday morning, 99wallstreet.com reports.
A number of other research firms also recently issued reports on NHYDY. Zacks Investment Research raised Norsk Hydro ASA from a hold rating to a buy rating and set a $8.25 price target on the stock in a research report on Thursday, October 5th. Goldman Sachs Group downgraded Norsk Hydro ASA from a buy rating to a neutral rating in a research report on Friday, December 8th. ValuEngine downgraded Norsk Hydro ASA from a buy rating to a hold rating in a research report on Monday, October 2nd. Deutsche Bank downgraded Norsk Hydro ASA from a hold rating to a sell rating in a research report on Thursday, November 9th. Finally, JPMorgan Chase & Co. cut Norsk Hydro ASA from an overweight rating to a neutral rating in a research note on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Norsk Hydro ASA currently has an average rating of Hold and an average target price of $8.25.
Norsk Hydro ASA (OTCMKTS NHYDY) traded down $0.22 on Wednesday, hitting $7.61. The stock had a trading volume of 25,440 shares, compared to its average volume of 31,392. Norsk Hydro ASA has a fifty-two week low of $5.00 and a fifty-two week high of $7.93. The company has a quick ratio of 1.45, a current ratio of 2.04 and a debt-to-equity ratio of 0.04. The company has a market cap of $15,542.00, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 0.56 and a beta of 0.82.
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Norsk Hydro ASA Company Profile
Norsk Hydro ASA (Hydro) is an integrated aluminum company with operations in various activities along the aluminum industry’s value chain. The Company operates through six segments: Bauxite & Alumina, which includes bauxite mining activities, production of alumina and related commercial activities, primarily the sale of alumina; Primary Metal, which includes primary aluminum production and casting activities; Metal Markets, which include sales activities relating to products from the its primary metal plants and operational responsibility for Hydro’s stand-alone remelters, as well as physical and financial metal trading activities; Rolled Products, which include Hydro’s rolling mills; Energy, which includes energy sourcing for Hydro’s aluminum operations around the world, and Other and eliminations, which consists of its captive insurance company Industriforsikring, its industry parks, internal service providers, operation of Sapa and other activities.
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