In a report released today, Amos Fletcher from Barclays maintained a Buy rating on Norsk Hydro Asa (0Q11 – Research Report), with a price target of NOK91.00. The company’s shares closed yesterday at NOK68.14.
Fletcher covers the Basic Materials sector, focusing on stocks such as Vale SA, BHP Group Ltd, and FRESNILLO. According to TipRanks, Fletcher has an average return of -0.3% and a 52.86% success rate on recommended stocks.
Currently, the analyst consensus on Norsk Hydro Asa is a Strong Buy with an average price target of NOK84.00, implying a 23.28% upside from current levels. In a report released on November 21, J.P. Morgan also maintained a Buy rating on the stock with a NOK87.00 price target.
Based on Norsk Hydro Asa’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of NOK44.08 billion and a net profit of NOK287 million. In comparison, last year the company earned a revenue of NOK46.43 billion and had a net profit of NOK7.13 billion
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Norsk Hydro Asa (0Q11) Company Description:
Norsk Hydro is a vertically integrated, low-cost player in the aluminum space. The company’s operations span the full value chain for aluminum production, from bauxite mining to the manufacture of finished aluminum products.
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