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Noranda Aluminum Holding given new target price of $5.00 by Barclays Capital
Edited by : AL CIRCLE
2 min read
Noranda Aluminum Holding had its target price trimmed by Barclays Capital from $7.00 to $5.00 in a report released on Thursday, Stock Ratings Network reports. Barclays Capital currently has an equal weight rating on the stock.
Several other analysts have also recently commented on the stock. Analysts at Bank of America downgraded shares of Noranda Aluminum Holding from a buy rating to a neutral rating in a research note to investors on Thursday. They now have a $5.00 price target on the stock, down previously from $8.00. Separately, analysts at Zacks upgraded shares of Noranda Aluminum Holding from an underperform rating to a neutral rating in a research note to investors on Tuesday, April 23rd. They now have a $3.40 price target on the stock. Finally, analysts at Citigroup downgraded shares of Noranda Aluminum Holding from a buy rating to a neutral rating in a research note to investors on Monday, April 15th.
Five research analysts have rated the stock with a hold rating, The stock currently has an average rating of Hold and an average target price of $4.85.
Shares of Noranda Aluminum Holding traded up 8.88% during mid-day trading on Thursday, hitting $3.80. Noranda Aluminum Holding has a one year low of $3.18 and a one year high of $10.84. The stock’s 50-day moving average is currently $4.1. The company has a market cap of $258.0 million and a P/E ratio of 7.11.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, May 29th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Thursday, May 2nd.
Several other analysts have also recently commented on the stock. Analysts at Bank of America downgraded shares of Noranda Aluminum Holding from a buy rating to a neutral rating in a research note to investors on Thursday. They now have a $5.00 price target on the stock, down previously from $8.00. Separately, analysts at Zacks upgraded shares of Noranda Aluminum Holding from an underperform rating to a neutral rating in a research note to investors on Tuesday, April 23rd. They now have a $3.40 price target on the stock. Finally, analysts at Citigroup downgraded shares of Noranda Aluminum Holding from a buy rating to a neutral rating in a research note to investors on Monday, April 15th.
Five research analysts have rated the stock with a hold rating, The stock currently has an average rating of Hold and an average target price of $4.85.
Shares of Noranda Aluminum Holding traded up 8.88% during mid-day trading on Thursday, hitting $3.80. Noranda Aluminum Holding has a one year low of $3.18 and a one year high of $10.84. The stock’s 50-day moving average is currently $4.1. The company has a market cap of $258.0 million and a P/E ratio of 7.11.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, May 29th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Thursday, May 2nd.
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