Ferroglobe PLC (GSM) Given Average Recommendation of “Buy” by Brokerages
Shares of Ferroglobe PLC (NASDAQ:GSM) have been given a consensus rating of “Buy” by the eight analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $15.60.
Several research firms recently weighed in on GSM. B. Riley restated a “buy” rating and set a $16.00 price target on shares of Ferroglobe PLC in a research report on Sunday, September 3rd. BidaskClub downgraded shares of Ferroglobe PLC from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research downgraded shares of Ferroglobe PLC from a “buy” rating to a “hold” rating in a research report on Wednesday, September 6th. Jefferies Group LLC restated a “buy” rating and set a $12.00 price target on shares of Ferroglobe PLC in a research report on Wednesday, July 19th. Finally, Stifel Nicolaus set a $19.00 price target on shares of Ferroglobe PLC and gave the stock a “buy” rating in a research report on Friday, October 6th.
Ferroglobe PLC (GSM) opened at 14.19 on Wednesday. The company’s market cap is $2.44 billion. The stock has a 50 day moving average price of $13.44 and a 200 day moving average price of $11.62. Ferroglobe PLC has a 12 month low of $8.54 and a 12 month high of $15.09.
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About Ferroglobe PLC
Ferroglobe PLC, formerly VeloNewco Limited, is engaged in silicon and specialty metals industry. The Company produces silicon metal and silicon- and manganese-based alloy, which serves customers in the chemical, aluminum, solar, steel and ductile iron foundry industries. It operates through two segments: Electrometallurgy and Energy.
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