JPMorgan Chase & Co. cut shares of Norsk Hydro ASA (OTCMKTS:NHYDY – Get Rating) from a neutral rating to an underweight rating in a report published on Friday morning, The Fly reports.
Other equities analysts have also issued research reports about the company. Barclays reduced their target price on Norsk Hydro ASA from 100.00 to 90.00 and set an overweight rating for the company in a research note on Friday, October 21st. Nordea Equity Research downgraded shares of Norsk Hydro ASA from a hold rating to a sell rating in a report on Monday, September 26th. Morgan Stanley decreased their price objective on shares of Norsk Hydro ASA from 85.00 to 82.00 and set an overweight rating for the company in a research note on Friday, July 29th. DNB Markets lowered shares of Norsk Hydro ASA from a hold rating to a sell rating in a research note on Thursday, June 30th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Norsk Hydro ASA from 85.00 to 78.00 in a report on Wednesday, October 5th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $76.40.
Get Norsk Hydro ASA alerts:Norsk Hydro ASA Stock Down 1.8 %
NHYDY stock opened at $6.42 on Friday. The stock has a market capitalization of $13.16 billion, a PE ratio of 6.48, a price-to-earnings-growth ratio of 0.28 and a beta of 1.57. Norsk Hydro ASA has a 52 week low of $5.13 and a 52 week high of $10.72. The company has a quick ratio of 1.35, a current ratio of 1.91 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $6.17 and a 200 day moving average of $6.81.
Norsk Hydro ASA Cuts Dividend
The firm also recently declared a dividend, which was paid on Friday, October 7th. Investors of record on Thursday, September 22nd were issued a $0.1134 dividend. The ex-dividend date of this dividend was Wednesday, September 21st. This represents a yield of 8.49%.Norsk Hydro ASA Company Profile
(Get Rating)
Norsk Hydro ASA engages in the power production, bauxite extraction, alumina refining, aluminium smelting, remelting, and recycling activities; and provision of extruded solutions worldwide. It operates through Bauxite & Alumina, Aluminium Metal, Metal Markets, Extrusions, and Energy segments. The Bauxite & Alumina segment engages in bauxite mining activities, production of alumina, and related commercial activities, primarily the sale of alumina.
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