Nel ASA (OTCMKTS:NLLSF) Price Target Raised to 24.00

Nel ASA (OTCMKTS:NLLSFGet Rating) had its target price increased by research analysts at Royal Bank of Canada from 21.00 to 24.00 in a research note issued on Wednesday, The Fly reports. The firm currently has an “outperform” rating on the stock.

NLLSF has been the subject of several other reports. HSBC cut Nel ASA to a “hold” rating and set a $13.00 target price for the company. in a research note on Tuesday, February 8th. JPMorgan Chase & Co. raised their price objective on Nel ASA from 10.00 to 11.40 and gave the stock an “underweight” rating in a research note on Tuesday, March 1st. Finally, Credit Suisse Group initiated coverage on Nel ASA in a research note on Thursday, December 16th. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $16.13.

Shares of Nel ASA stock traded up $0.01 on Wednesday, hitting $1.74. 7,140 shares of the company’s stock traded hands, compared to its average volume of 56,679. The firm’s 50-day moving average is $1.68 and its 200 day moving average is $1.74. Nel ASA has a 52-week low of $1.22 and a 52-week high of $3.14.

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 through two segments, Nel Hydrogen Fueling and Nel Hydrogen Electrolyser. It produces H2Station hydrogen fueling stations that provide fuel cell electric vehicles with the fast fueling and long range as conventional vehicles, including cars, buses, trucks, forklifts, and other applications.

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