Brokerage counts stock up 30 percent



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Norsk Hydro organizes the financial markets in London today.

After an initial review of the document, analysts at DNB Markets found that it did not seem to contain big surprises.

"The company's expectations of 2-3% growth in demand for 2019 and a still tense market are positive, while the timing of Alunorte's launch in Brazil is still uncertain," writes DNB Markets. .

"Given the situation in Brazil, the company has previously indicated previously that the goal of 3 billion euros in cost improvement was not within the reach of the company. initial horizon, "write the analysts.

Prior to any changes, DNB Markets applies a purchase recommendation on Norsk Hydro and a price target of NOK 54.

On Wednesday, the stock will end at 41.40 NOK. This means that the stock fell 1.36% last month and 27.66% last year.

In order for the price target to be used, the stock must increase by 30.4% from the current level.

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