Norsk Hydro ASA (NHYDY) Downgraded to “Neutral” at UBS Group
Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by UBS Group from a “buy” rating to a “neutral” rating in a report released on Wednesday, 99wallstreet.com reports.
Other equities research analysts have also issued reports about the company. Zacks Investment Research lowered Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. ValuEngine lowered Norsk Hydro ASA from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Deutsche Bank lowered Norsk Hydro ASA from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. JPMorgan Chase & Co. lowered Norsk Hydro ASA from an “overweight” rating to a “neutral” rating in a report on Thursday, December 14th. Finally, Goldman Sachs Group lowered Norsk Hydro ASA from a “buy” rating to a “neutral” rating in a report on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $8.25.
Shares of Norsk Hydro ASA (OTCMKTS NHYDY) opened at $7.61 on Wednesday. Norsk Hydro ASA has a 1-year low of $5.00 and a 1-year 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 firm has a market capitalization of $15,542.00, a P/E ratio of 20.03, a P/E/G ratio of 0.56 and a beta of 0.82.
About Norsk Hydro ASA
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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