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.

Institutional investors have recently bought and sold shares of the company. Hosking Partners LLP grew its stake in shares of Ferroglobe PLC by 1.6% in the 2nd quarter. Hosking Partners LLP now owns 450,794 shares of the basic materials company’s stock valued at $5,387,000 after buying an additional 7,283 shares during the period. Comerica Bank purchased a new stake in shares of Ferroglobe PLC in the 2nd quarter valued at approximately $2,899,000. Geode Capital Management LLC grew its stake in shares of Ferroglobe PLC by 5.3% in the 1st quarter. Geode Capital Management LLC now owns 149,294 shares of the basic materials company’s stock valued at $1,542,000 after buying an additional 7,523 shares during the period. Chicago Equity Partners LLC purchased a new stake in shares of Ferroglobe PLC in the 2nd quarter valued at approximately $2,289,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Ferroglobe PLC by 65.7% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,705,167 shares of the basic materials company’s stock valued at $20,377,000 after buying an additional 676,104 shares during the period. 38.17% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Ferroglobe PLC (GSM) Given Average Recommendation of “Buy” by Brokerages” was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this article can be read at https://www.americanbankingnews.com/2017/10/11/ferroglobe-plc-gsm-given-average-recommendation-of-buy-by-brokerages.html.

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.

Receive News & Ratings for Ferroglobe PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ferroglobe PLC and related companies with MarketBeat.com's FREE daily email newsletter.