Globe Specialty Metals Inc. (GSM) Price Target Increased to $14.50 by Analysts at Jefferies Group
Several other research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of Globe Specialty Metals from a sell rating to a hold rating in a research note on Tuesday, September 13th. Stifel Nicolaus cut their target price on shares of Globe Specialty Metals from $17.00 to $16.00 and set a buy rating for the company in a research note on Monday, August 29th. Oppenheimer Holdings Inc. restated an outperform rating and issued a $12.00 price target (down previously from $14.00) on shares of Globe Specialty Metals in a report on Monday, August 29th. Robert W. Baird upgraded Globe Specialty Metals from a neutral rating to a buy rating in a report on Monday, September 19th. Finally, B. Riley restated a buy rating and issued a $10.25 price target on shares of Globe Specialty Metals in a report on Saturday, September 24th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $12.79.
Shares of Globe Specialty Metals (NASDAQ:GSM) traded up 2.92% during mid-day trading on Tuesday, hitting $11.62. 1,334,373 shares of the stock traded hands. The stock has a 50 day moving average price of $9.27 and a 200-day moving average price of $9.01. Globe Specialty Metals has a one year low of $6.90 and a one year high of $13.17. The company’s market cap is $2.00 billion.
Globe Specialty Metals Company Profile
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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