In a report released today, Sarkis Sherbetchyan from B.Riley FBR maintained a Buy rating on Ferroglobe PLC (NASDAQ: GSM), with a price target of $18. The company’s shares opened today at $11.60.
According to TipRanks.com, Sherbetchyan is ranked #599 out of 4799 analysts.
Currently, the analyst consensus on Ferroglobe PLC is Strong Buy and the average price target is $17.50, representing a 50.9% upside.
In a report released yesterday, Oppenheimer also maintained a Buy rating on the stock with a $16 price target.
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Ferroglobe PLC’s market cap is currently $2.03B and has a P/E ratio of 29.58. The company has a Price to Book ratio of 2.49.
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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.
