Shares of Norsk Hydro ASA (OTCMKTS:NHYDY – Get Rating) have been given an average recommendation of "Hold" by the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $83.33.

NHYDY has been the topic of several analyst reports. Morgan Stanley lowered their target price on shares of Norsk Hydro ASA from 85.00 to 82.00 and set an "overweight" rating on the stock in a research report on Friday, July 29th. Nordea Equity Research cut shares of Norsk Hydro ASA from a "hold" rating to a "sell" rating in a research note on Monday, September 26th. JPMorgan Chase & Co. lowered shares of Norsk Hydro ASA from a "neutral" rating to an "underweight" rating in a research report on Friday. Barclays dropped their price objective on shares of Norsk Hydro ASA from 100.00 to 90.00 and set an "overweight" rating for the company in a report on Friday, October 21st. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Norsk Hydro ASA from 85.00 to 78.00 in a report on Wednesday, October 5th.

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Norsk Hydro ASA Price Performance

Shares of OTCMKTS:NHYDY opened at $6.34 on Tuesday. The stock has a fifty day moving average of $6.16 and a 200-day moving average of $6.73. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.35 and a current ratio of 1.91. Norsk Hydro ASA has a one year low of $5.13 and a one year high of $10.72. The company has a market capitalization of $13.00 billion, a PE ratio of 6.42, a price-to-earnings-growth ratio of 0.30 and a beta of 1.57.

Norsk Hydro ASA Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 7th. Stockholders of record on Thursday, September 22nd were paid a dividend of $0.1134 per share. The ex-dividend date of this dividend was Wednesday, September 21st. This represents a dividend yield of 8.49%.

About Norsk Hydro ASA

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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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