Goldman Sachs Group Lowers Norsk Hydro ASA (OTCMKTS:NHYDY) to Neutral

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by Goldman Sachs Group from a “buy” rating to a “neutral” rating in a research note issued on Friday, December 8th, Marketbeat.com reports.

Other equities research analysts have also issued research reports about the company. Zacks Investment Research raised Norsk Hydro ASA from a “hold” rating to a “buy” rating and set a $8.25 price target on the stock in a research report on Thursday, October 5th. ValuEngine raised Norsk Hydro ASA from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Deutsche Bank lowered Norsk Hydro ASA from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $8.25.

Norsk Hydro ASA (OTCMKTS NHYDY) traded up $0.12 on Friday, reaching $7.72. The company had a trading volume of 24,038 shares, compared to its average volume of 39,904. Norsk Hydro ASA has a 1 year low of $4.70 and a 1 year high of $7.93. The company has a current ratio of 2.04, a quick ratio of 1.45 and a debt-to-equity ratio of 0.04. The firm has a market cap of $15,880.00, a price-to-earnings ratio of 20.32, a price-to-earnings-growth ratio of 0.84 and a beta of 0.84.

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Norsk Hydro ASA Company Profile

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