Norsk Hydro ASA (NHYDY) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Norsk Hydro ASA (OTCMKTS:NHYDY) from a neutral rating to an overweight rating in a report released on Thursday, The Fly reports.

A number of other equities analysts have also recently issued reports on the company. Goldman Sachs Group Inc upgraded Norsk Hydro ASA from a neutral rating to a buy rating in a report on Tuesday, March 7th. Zacks Investment Research upgraded Norsk Hydro ASA from a hold rating to a buy rating and set a $6.50 price objective for the company in a report on Tuesday, February 7th. Finally, Berenberg Bank reiterated a sell rating on shares of Norsk Hydro ASA in a report on Saturday, February 4th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $6.50.

Norsk Hydro ASA (OTCMKTS:NHYDY) opened at 6.10 on Thursday. The company has a market capitalization of $12.46 billion, a P/E ratio of 16.67 and a beta of 1.09. The stock’s 50 day moving average price is $5.78 and its 200-day moving average price is $4.88. Norsk Hydro ASA has a 12 month low of $3.35 and a 12 month high of $6.26.

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