Norsk Hydro ASA (OTCMKTS:NHYDY) Stock Rating Lowered by Deutsche Bank AG

Norsk Hydro ASA (OTCMKTS:NHYDY) was downgraded by analysts at Deutsche Bank AG from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday, November 9th, The Fly reports.

Several other equities analysts have also issued reports on NHYDY. Zacks Investment Research upgraded shares of Norsk Hydro ASA from a “hold” rating to a “buy” rating and set a $8.25 target price for the company in a report on Thursday, October 5th. ValuEngine upgraded shares of Norsk Hydro ASA from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Credit Suisse Group upgraded shares of Norsk Hydro ASA from a “neutral” rating to an “outperform” rating in a report on Wednesday, July 26th. Finally, BNP Paribas upgraded shares of Norsk Hydro ASA from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 6th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $8.25.

Shares of Norsk Hydro ASA (NHYDY) opened at $7.17 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.31 and a quick ratio of 1.56. The stock has a market capitalization of $14,832.18, a price-to-earnings ratio of 18.61, a P/E/G ratio of 1.00 and a beta of 0.87. Norsk Hydro ASA has a 12-month low of $4.45 and a 12-month high of $7.93.

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