UBS analyst Daniel Major maintained a Buy rating on Norsk Hydro Asa (0Q11 – Research Report) today and set a price target of NOK85.00. The company’s shares closed yesterday at NOK68.14.
According to TipRanks, Major is a 4-star analyst with an average return of 14.5% and a 57.80% success rate. Major covers the Basic Materials sector, focusing on stocks such as Alcoa, Newmont Mining, and Agnico Eagle.
Norsk Hydro Asa has an analyst consensus of Strong Buy, with a price target consensus of NOK84.00, implying a 23.28% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a NOK91.00 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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