Ferroglobe (NASDAQ:GSM) was downgraded by analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a report issued on Thursday, Marketbeat Ratings reports. They currently have a $2.70 price target on the basic materials company’s stock. Jefferies Financial Group’s target price points to a potential upside of 25.00% from the company’s current price. Jefferies Financial Group also issued estimates for Ferroglobe’s Q2 2019 earnings at ($0.01) EPS.
GSM has been the topic of several other research reports. Oppenheimer restated a “market perform” rating and set a $9.00 price target on shares of Ferroglobe in a research note on Tuesday, November 27th. BidaskClub upgraded shares of Ferroglobe from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 10th. B. Riley dropped their price target on shares of Ferroglobe from $14.50 to $4.00 and set a “buy” rating on the stock in a research note on Wednesday, November 28th. Zacks Investment Research lowered shares of Ferroglobe from a “hold” rating to a “sell” rating in a research note on Monday, November 19th. Finally, CIBC restated a “market perform” rating on shares of Ferroglobe in a research note on Tuesday, November 27th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $8.74.
Shares of GSM opened at $2.16 on Thursday. Ferroglobe has a 12 month low of $1.47 and a 12 month high of $17.40. The firm has a market cap of $371.48 million, a PE ratio of 16.62 and a beta of 2.14. The company has a current ratio of 1.92, a quick ratio of 0.68 and a debt-to-equity ratio of 0.54.
Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. The company offers silicone chemicals used in a range of applications, including personal care items, construction-related products, health care products, and electronics, as well as silicon metal for primary and secondary aluminum producers; silicomanganese, which is used as deoxidizing agent in the steel manufacturing process; and ferromanganese that is used as a deoxidizing, desulphurizing, and degassing agent in the removal of nitrogen and other harmful elements from steel.
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