Norsk Hydro ASA (NHYDY) Stock Forecast & Price Target

$5.55

+0.08 (+1.46%)

(As of 07/26/2024 ET)

Stock Analysis Analyst Forecasts Chart Dividend Earnings Financials Headlines Short Interest

Norsk Hydro ASA - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Strong Buy
Based on 1 Analyst Ratings

Based on 1 Wall Street analysts who have issued ratings for Norsk Hydro ASA in the last 12 months, the stock has a consensus rating of "Strong Buy." Out of the 1 analysts, 1 has given a strong buy rating for NHYDY.

Consensus Price Target

N/A

According to the 1 analysts' twelve-month price targets for Norsk Hydro ASA,

Type	Current Forecast 7/28/23 to 7/27/24	1 Month Ago 6/28/23 to 6/27/24	3 Months Ago 4/29/23 to 4/28/24	1 Year Ago 7/28/22 to 7/28/23
Consensus Rating	Strong Buy	Strong Buy	N/A	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	N/A	0 Strong Buy rating(s)
Buy	0 Buy rating(s)	0 Buy rating(s)	N/A	6 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	N/A	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	N/A	1 Sell rating(s)
Consensus Price Target	N/A	N/A	N/A	N/A
Forecasted Upside	N/A	N/A	N/A	N/A

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NHYDY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

NHYDY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Norsk Hydro ASA Stock vs. The Competition

Type	Norsk Hydro ASA	Industrial Products Companies	S&P 500
Consensus Rating Score	4.00	2.54	2.50
Consensus Rating	Strong Buy	Moderate Buy	Moderate Buy
Predicted Upside		36.83% Upside	9.10% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target
6/12/2024	The Goldman Sachs Group 2 of 5 stars	M. Greene Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
3/24/2023	Handelsbanken 2 of 5 stars		Initiated Coverage	Outperform
3/9/2023	Royal Bank of Canada 4 of 5 stars		Initiated Coverage	Outperform
3/2/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform
2/15/2023	Nordea Equity Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Hold
2/13/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral
1/20/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	Liam Fitzpatrick Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	80.00 ➝ 94.00
12/9/2022	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		85.00 ➝ 93.00
10/28/2022	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underweight
10/21/2022	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	100.00 ➝ 90.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:57 AM ET.

NHYDY Forecast - Frequently Asked Questions

Should I buy or sell Norsk Hydro ASA stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Norsk Hydro ASA in the last twelve months. There is currently 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "strong buy" NHYDY shares.
Has Norsk Hydro ASA been upgraded by Wall Street analysts recently?: Over the previous 90 days, Norsk Hydro ASA's stock had 1 upgrade by analysts.
What analysts cover Norsk Hydro ASA?: Norsk Hydro ASA has been rated by research analysts at The Goldman Sachs Group in the past 90 days.
Do Wall Street analysts like Norsk Hydro ASA more than its competitors?: Analysts like Norsk Hydro ASA more than other "industrial products" companies. The consensus rating for Norsk Hydro ASA is Strong Buy while the average consensus rating for "industrial products" companies is Moderate Buy. Learn more on how NHYDY compares to other companies.