Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by stock analysts at Goldman Sachs Group from a “buy” rating to a “sell” rating in a research report issued to clients and investors on Friday, The Fly reports.
NHYDY has been the topic of several other reports. ValuEngine lowered Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research report on Wednesday, November 7th. JPMorgan Chase & Co. lowered Norsk Hydro ASA from an “overweight” rating to a “neutral” rating in a research report on Wednesday, October 3rd. Morgan Stanley upgraded Norsk Hydro ASA from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 25th. Finally, Zacks Investment Research upgraded Norsk Hydro ASA from a “sell” rating to a “hold” rating in a research report on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $6.00.
Shares of OTCMKTS NHYDY opened at $4.77 on Friday. The stock has a market capitalization of $9.82 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 0.92 and a beta of 0.82. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.00 and a current ratio of 1.71. Norsk Hydro ASA has a twelve month low of $4.32 and a twelve month high of $7.79.
About Norsk Hydro ASA
Norsk Hydro ASA operates as an integrated aluminum company worldwide. It operates in six segments: Bauxite & Alumina, Primary Metal, Metal Markets, Rolled Products, Extruded Solutions, and Energy. The Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, as well as the sale of alumina.
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