Analysts Set Globe Specialty Metals Inc. (GSM) Price Target at $12.45
Globe Specialty Metals Inc. (NASDAQ:GSM) has been assigned a consensus recommendation of “Buy” from the seven brokerages that are covering the company. Seven research analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $12.45.
GSM has been the subject of a number of research reports. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $12.00 price target (down previously from $14.00) on shares of Globe Specialty Metals in a research report on Monday, August 29th. Zacks Investment Research raised Globe Specialty Metals from a “sell” rating to a “hold” rating in a research report on Thursday, September 22nd. B. Riley reaffirmed a “neutral” rating and set a $8.50 price target on shares of Globe Specialty Metals in a research report on Sunday, September 4th. Robert W. Baird raised Globe Specialty Metals from a “neutral” rating to a “buy” rating in a research report on Monday, September 19th. Finally, Jefferies Group set a $11.00 price target on Globe Specialty Metals and gave the stock a “buy” rating in a research report on Monday, August 29th.
Shares of Globe Specialty Metals (NASDAQ:GSM) opened at 11.52 on Thursday. The stock’s market cap is $1.98 billion. Globe Specialty Metals has a 52-week low of $6.90 and a 52-week high of $13.17. The company’s 50 day moving average price is $9.12 and its 200 day moving average price is $9.00.
About Globe Specialty Metals
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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