Shares of Nel ASA (OTCMKTS:NLLSF – Get Rating) have been given an average rating of "Hold" by the ten ratings firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $13.82.
NLLSF has been the subject of a number of research analyst reports. Morgan Stanley cut their target price on shares of Nel ASA from 22.00 to 13.00 and set an "equal weight" rating for the company in a research note on Tuesday, June 21st. JPMorgan Chase & Co. cut their target price on shares of Nel ASA from 11.10 to 10.10 and set an "underweight" rating for the company in a research note on Tuesday, August 16th. DNB Markets initiated coverage on shares of Nel ASA in a research note on Wednesday, July 6th. They issued a "hold" rating for the company. Finally, Credit Suisse Group cut shares of Nel ASA from a "neutral" rating to an "underperform" rating and set a $10.00 target price for the company. in a research note on Friday, September 9th.
Get Nel ASA alerts:Nel ASA Trading Up 1.6 %
OTCMKTS:NLLSF opened at $1.13 on Tuesday. Nel ASA has a 1 year low of $0.90 and a 1 year high of $2.35. The firm has a 50 day moving average of $1.47 and a 200-day moving average of $1.48.
About Nel ASA
(Get Rating)Nel ASA, a hydrogen company, delivers various solutions to produce, store, and distribute hydrogen from renewable energy in Norway, the United States, Denmark, and South Korea. The company operates in two segments, Nel Hydrogen Fueling and Nel Hydrogen Electrolyser. The Nel Hydrogen Fueling segment produces H2Station hydrogen fueling stations that provide fuel cell electric vehicles with the fueling and long range as conventional fossil fuel vehicles, including cars, buses, trucks, forklifts, and other applications.
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