Nel ASA (OTCMKTS:NLLSF) PT Lowered to 11.10 at JPMorgan Chase & Co.

Nel ASA (OTCMKTS:NLLSFGet Rating) had its price objective reduced by stock analysts at JPMorgan Chase & Co. from 11.40 to 11.10 in a research report issued on Wednesday, The Fly reports. The brokerage presently has an “underweight” rating on the stock.

A number of other equities research analysts also recently weighed in on NLLSF. Royal Bank of Canada cut their target price on Nel ASA from 24.00 to 23.00 and set an “outperform” rating for the company in a research report on Thursday, May 12th. HSBC lowered Nel ASA to a “hold” rating and set a $13.00 price target on the stock. in a research report on Tuesday, February 8th. Citigroup lowered Nel ASA from a “buy” rating to a “neutral” rating in a research report on Thursday, May 12th. Finally, Sanford C. Bernstein initiated coverage on Nel ASA in a research note on Wednesday. They set an “outperform” rating for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $15.70.

Shares of OTCMKTS NLLSF traded up $0.04 during midday trading on Wednesday, hitting $1.35. 10,088 shares of the company’s stock were exchanged, compared to its average volume of 50,641. Nel ASA has a twelve month low of $1.14 and a twelve month high of $2.50. The stock’s 50 day moving average price is $1.66 and its 200-day moving average price is $1.71.

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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