Norsk Hydro ASA (NHYDY) Upgraded to “Buy” by Zacks Investment Research
Zacks Investment Research upgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a hold rating to a buy rating in a report published on Tuesday morning. Zacks Investment Research currently has $5.00 target price 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 Norsk Hydro ASA from an underperform rating to an outperform rating in a report on Thursday, July 21st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Norsk Hydro ASA has a consensus rating of Hold and an average target price of $5.00.
Shares of Norsk Hydro ASA (OTCMKTS:NHYDY) opened at 4.28 on Tuesday. The company’s 50 day moving average price is $4.22 and its 200 day moving average price is $4.03. The firm has a market capitalization of $8.74 billion, a P/E ratio of 20.78 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.
Norsk Hydro ASA Company Profile
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