Here’s how analysts see Gerdau S.A. (NYSE:GGB) after this past week.

April 18, 2018 - By Darrin Black

Gerdau S.A. (NYSE:GGB) Logo

Gerdau S.A. (NYSE:GGB) Ratings Coverage

Among 2 analysts covering Gerdau SA (NYSE:GGB), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Gerdau SA had 2 analyst reports since November 27, 2017 according to SRatingsIntel. The stock of Gerdau S.A. (NYSE:GGB) has “Buy” rating given on Monday, November 27 by Bank of America. The firm has “Buy” rating by Credit Suisse given on Friday, February 2. Below is a list of Gerdau S.A. (NYSE:GGB) latest ratings and price target changes.

02/02/2018 Broker: Credit Suisse Rating: Buy Upgrade
27/11/2017 Broker: Bank of America Rating: Buy New Target: $4.25 Upgrade

The stock increased 2.53% or $0.12 during the last trading session, reaching $4.87. About 6.32 million shares traded. Gerdau S.A. (NYSE:GGB) has risen 28.74% since April 18, 2017 and is uptrending. It has outperformed by 17.19% the S&P500.

Gerdau S.A. provides steel-related products and services worldwide. The company has market cap of $8.27 billion. The firm operates through Brazil Operations, North America Operations, South America Operations, and Special Steel Operations. It currently has negative earnings. It offers semi-finished products, such as billets, blooms, and slabs; common long rolled products, including rebars, merchant bars, and profiles that are used by the construction and manufacturing industries; and drawn products consisting of barbed and barbless fence wire, galvanized wire, fences, concrete reinforcing wire mesh, nails, and clamps, as well as mines and produces iron ore.

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