Recent Analysts’ Ratings Changes for Ferroglobe PLC (GSM)

Ferroglobe PLC (NASDAQ: GSM) has recently received a number of price target changes and ratings updates:

  • 9/16/2017 – Ferroglobe PLC was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 9/6/2017 – Ferroglobe PLC was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Globe Specialty Metals, Inc., together with its subsidiary companies, is among the world’s largest producers of silicon metal and silicon-based specialty alloys – critical ingredients in a host of industrial and consumer products with growing markets. The Company’s customers include major silicone chemical, aluminum and steel manufacturers, producers of photovoltaic solar cells and computer chips, the auto industry, ductile iron foundries and concrete producers. Headquartered in New York City, the company has major manufacturing facilities in the U.S. states of Ohio, West Virginia, Alabama and New York, as well as in the Brazilian state of Pará, Mendoza province Argentina and Ningxia province China. Its principal operating subsidiaries are Globe Metallurgical, Inc. and Solsil, Inc. in the U.S.; Globe Metais Indústria e Comércio S.A. in Brazil; Globe Metales S.A. in Argentina; and Ningxia Yonvey Coal Industry Co., Ltd., in China. “
  • 9/3/2017 – Ferroglobe PLC had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $16.00 price target on the stock.
  • 9/3/2017 – Ferroglobe PLC had its “buy” rating reaffirmed by analysts at Stifel Nicolaus.
  • 8/31/2017 – Ferroglobe PLC had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $16.75 price target on the stock, down previously from $17.00.
  • 8/29/2017 – Ferroglobe PLC had its “buy” rating reaffirmed by analysts at B. Riley. They now have a $16.00 price target on the stock, up previously from $14.25. They wrote, “We expect F3Q results to be in line, but believe F4Q outlook could be slightly below consensus as the latest industry data suggests a mixed demand environment. Although the company is not exposed to the ongoing Chinese slowdown, a number of comm equipment companies such as Infinera (INFN) and Viavi (VIAV) have recently reported that the overall telecom spending environment remains choppy. This demand dynamic is due to several factors, particularly M&A activity, which could slow the ongoing US metro upgrade cycle. While India and the DCI (Datacenter Interconnect) segment continue to be robust growth drivers, we are uncertain if they will be strong enough to meet the Street’s Q/Q revenue growth expectation of +5.9%.””
  • 8/23/2017 – Ferroglobe PLC was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $15.00 price target on the stock. According to Zacks, “Globe Specialty Metals, Inc., together with its subsidiary companies, is among the world’s largest producers of silicon metal and silicon-based specialty alloys – critical ingredients in a host of industrial and consumer products with growing markets. The Company’s customers include major silicone chemical, aluminum and steel manufacturers, producers of photovoltaic solar cells and computer chips, the auto industry, ductile iron foundries and concrete producers. Headquartered in New York City, the company has major manufacturing facilities in the U.S. states of Ohio, West Virginia, Alabama and New York, as well as in the Brazilian state of Pará, Mendoza province Argentina and Ningxia province China. Its principal operating subsidiaries are Globe Metallurgical, Inc. and Solsil, Inc. in the U.S.; Globe Metais Indústria e Comércio S.A. in Brazil; Globe Metales S.A. in Argentina; and Ningxia Yonvey Coal Industry Co., Ltd., in China. “
  • 8/19/2017 – Ferroglobe PLC was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/18/2017 – Ferroglobe PLC had its “positive” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $17.00 price target on the stock, up previously from $12.00.
  • 7/25/2017 – Ferroglobe PLC was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/21/2017 – Ferroglobe PLC was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Globe Specialty Metals, Inc., together with its subsidiary companies, is among the world’s largest producers of silicon metal and silicon-based specialty alloys – critical ingredients in a host of industrial and consumer products with growing markets. The Company’s customers include major silicone chemical, aluminum and steel manufacturers, producers of photovoltaic solar cells and computer chips, the auto industry, ductile iron foundries and concrete producers. Headquartered in New York City, the company has major manufacturing facilities in the U.S. states of Ohio, West Virginia, Alabama and New York, as well as in the Brazilian state of Pará, Mendoza province Argentina and Ningxia province China. Its principal operating subsidiaries are Globe Metallurgical, Inc. and Solsil, Inc. in the U.S.; Globe Metais Indústria e Comércio S.A. in Brazil; Globe Metales S.A. in Argentina; and Ningxia Yonvey Coal Industry Co., Ltd., in China. “

Shares of Ferroglobe PLC (NASDAQ GSM) traded down 0.08% during mid-day trading on Monday, reaching $13.08. The company had a trading volume of 79,424 shares. The firm has a 50-day moving average price of $13.19 and a 200-day moving average price of $11.23. The stock’s market capitalization is $2.25 billion. Ferroglobe PLC has a 1-year low of $7.71 and a 1-year high of $14.46.

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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