Shares in Norsk Hydro show a positive technical chart pattern over the medium term, which suggests that the rising trend should be followed. Investors have an opportunity to buy the stock and target the NOK 66.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
In a short-term perspective, the company has interesting fundamentals.
Norsk Hydro accounts for 5.79 % of our European Portfolio. A trade is currently open since 06/08/2017 with a purchase price of NOK 46.46. Discover the other 19 stocks of the European portfolio managed by the 4-traders portfolio management team.
The prospective high growth for the next fiscal years is among the main assets of the company
The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
Over the last twelve months, the sales forecast has been frequently revised upwards.
For the past twelve months, EPS forecast has been revised upwards.
For the last twelve months, analysts have been gradually revising upwards their EPS forecast for the upcoming fiscal year.
Within the weekly time frame the stock shows a bullish technical configuration above the support level at 50.6 NOK
Stock prices approach a strong long-term resistance in weekly data at NOK 64.
Analysts covering the stock have recently lowered their earnings forecast.
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