B.Riley FBR analyst Sarkis Sherbetchyan reiterated a Buy rating on Ferroglobe PLC (NASDAQ: GSM) today and set a price target of $14.50. The company’s shares opened today at $8.11, close to its 52-week low of $6.75.
According to TipRanks.com, Sherbetchyan is ranked #686 out of 4856 analysts.
Ferroglobe PLC has an analyst consensus of Strong Buy, with a price target consensus of $13.88, representing a 71.1% upside. In a report issued on August 16, Jefferies also maintained a Buy rating on the stock with a $10 price target.
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Ferroglobe PLC’s market cap is currently $1.38B and has a P/E ratio of 20.00. The company has a Price to Book ratio of 1.69.
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Ferroglobe PLC engages in the production of silicon metal, silicon-based specialty alloys, and ferroalloys. It operates through the following segments: Electrometallurgy-North America, Electrometallurgy-Europe, Electrometallurgy-South Africa, and Other. The company was founded on February 5, 2015 and is headquartered in London, the United Kingdom.
