Nel ASA (OTCMKTS:NLLSF – Get Rating) has been assigned an average recommendation of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $16.13.
A number of equities analysts have weighed in on the company. Royal Bank of Canada upped their target price on Nel ASA from 21.00 to 24.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 13th. HSBC lowered Nel ASA to a “hold” rating and set a $13.00 target price on the stock. in a research note on Tuesday, February 8th. Finally, JPMorgan Chase & Co. upped their target price on Nel ASA from 10.00 to 11.40 and gave the stock an “underweight” rating in a research note on Tuesday, March 1st.
OTCMKTS:NLLSF opened at $1.49 on Friday. Nel ASA has a 52-week low of $1.22 and a 52-week high of $2.95. The business’s fifty day moving average is $1.73 and its 200 day moving average is $1.75.
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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