Three research analysts have given the company a buy rating, one research analyst has given it a hold rating, and one research analyst has given the stock a sell rating. According to Bloomberg Ratings, the seven rating agencies currently tracking Norsk Hydro ASA (OTCMKTS: NHYDY) have provided the business an average recommendation of “Hold.” The average price target for the next 12 months that brokers who reported on the stock in the previous year have set is $89.25. This price objective is based on the stock’s performance from a year earlier. Throughout the company’s existence several equity research analysts have produced publications concerning the company’s shares throughout their careers.
In a research note published on Wednesday, June 29th, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Norsk Hydro ASA from 100.00 to 85.00. The previous price objective was set at 100.00. In a research report released on Friday, July 29th, Morgan Stanley lowered their price target on shares of Norsk Hydro ASA from 85.00 to 82.00 while maintaining an “overweight” rating on the stock. This information was included in the study. In a research report on Thursday, June 30th, DNB Markets changed their rating on Norsk Hydro ASA from “hold” to “sell.” In a research note distributed by JPMorgan Chase & Co. on July 25th, the brokerage firm dropped their price objective on shares of Norsk Hydro ASA from 71,000.00 to 70,000.00. On Monday, trading of NHYDY shares got underway at $6.84. At the moment, the share price of the company is trading at $6.36, which is lower than its 200-day moving average share price of $7.72. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.35, and a current ratio of 1.91. All three ratios are positive.
The business has a market capitalization of $14.01 billion, a price-to-earnings ratio of 7.35, a beta value of 1.54, a price-to-earnings-growth ratio of 0.30, a price-to-earnings ratio of 7.35, and a price-to-earnings-growth ratio of 0.30. Over the past year, the share price of Norsk Hydro ASA has ranged from $5.13 to $10.72, with a high of $10.72 occurring within the same period. In addition to delivering extrusion solutions on a global scale, Norsk Hydro ASA also generates power, mines bauxite, processes alumina, smelts, remelts, recycles aluminum, and refines alumina. All of these activities take place at their facilities in Norway. The company can be thought of as having several operating divisions or sectors, which are as follows: bauxite and alumina; aluminum metal; metal markets; extrusions; and energy. Mining operations for bauxite are carried out as part of the Bauxite & Alumina section, in addition to the manufacture of alumina and other business activities associated with the segment, the most important of which is the sale of alumina.