Are Analysts Bearish Ferroglobe PLC (NASDAQ:GSM) After Last Week?

June 17, 2018 - By Darrin Black

Ferroglobe PLC (NASDAQ:GSM) Ratings Coverage

Among 4 analysts covering Ferroglobe PLC (NASDAQ:GSM), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Ferroglobe PLC had 6 analyst reports since February 26, 2018 according to SRatingsIntel. The firm has “Overweight” rating given on Wednesday, May 23 by JP Morgan. J.P. Morgan upgraded Ferroglobe PLC (NASDAQ:GSM) on Monday, March 26 to “Buy” rating. The stock of Ferroglobe PLC (NASDAQ:GSM) earned “Buy” rating by FBR Capital on Friday, May 18. The rating was maintained by FBR Capital on Wednesday, May 23 with “Buy”. Jefferies maintained it with “Buy” rating and $19.0 target in Monday, February 26 report. FBR Capital maintained Ferroglobe PLC (NASDAQ:GSM) on Monday, February 26 with “Buy” rating. Below is a list of Ferroglobe PLC (NASDAQ:GSM) latest ratings and price target changes.

23/05/2018 Broker: FBR Capital Old Rating: Buy New Rating: Buy Old Target: $20 New Target: $18 Maintain
23/05/2018 Broker: JP Morgan Old Rating: Overweight New Rating: Overweight Old Target: $13.5 New Target: $15 Maintain
18/05/2018 Broker: FBR Capital Rating: Buy New Target: $20.0000 Maintain
26/03/2018 Broker: J.P. Morgan Rating: Buy New Target: $13.5000 Upgrade
26/02/2018 Broker: Jefferies Rating: Buy New Target: $19.0 Maintain
26/02/2018 Broker: FBR Capital Rating: Buy New Target: $20.0 Maintain

The stock decreased 3.64% or $0.34 during the last trading session, reaching $9. About 1.40M shares traded or 33.32% up from the average. Ferroglobe PLC (NASDAQ:GSM) has declined 2.18% since June 17, 2017 and is downtrending. It has underperformed by 14.75% the S&P500.

Ferroglobe PLC operates in the silicon and specialty metals industry in the United States, Europe, and internationally. The company has market cap of $1.55 billion. The firm offers silicon metals that are used in personal care items, construction-related products, health care products, and electronics, as well as used in the manufacture of silicone chemicals; 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. It has a 61.64 P/E ratio. It also provides ferrosilicon products that are used to produce stainless steel, carbon steel, and various other steel alloys, as well as to manufacture electrodes and aluminum; silico calcium, which is used in the deoxidation and desulfurization of liquid steel, and production of coatings for cast iron pipes, as well as in the welding process of powder metal; nodularizers and inoculants, which are used in the production of iron; and silica fume, a by-product of the electrometallurgical process of silicon metal and ferrosilicon.

More recent Ferroglobe PLC (NASDAQ:GSM) news were published by: Nasdaq.com which released: “Factors of Influence in 2018, Key Indicators and Opportunity within The Andersons, Ferroglobe, Paylocity Holding …” on May 21, 2018. Also Globenewswire.com published the news titled: “Ferroglobe Reports Results for First Quarter of 2018” on May 21, 2018. Globenewswire.com‘s news article titled: “Ferroglobe Announces Insider Buying” with publication date: June 07, 2018 was also an interesting one.

Ferroglobe PLC (NASDAQ:GSM) Ratings Chart

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