J.P. Morgan Sticks to Its Buy Rating for Ferroglobe PLC


J.P. Morgan analyst Michael Gambardella maintained a Buy rating on Ferroglobe PLC (NASDAQ: GSM) today and set a price target of $15. The company’s shares closed yesterday at $11.83.

According to TipRanks.com, Gambardella is a 5-star analyst with an average return of 20.3% and a 68.2% success rate. Gambardella covers the Basic Materials sector, focusing on stocks such as United States Steel, Century Aluminum, and Alcoa Inc.

Currently, the analyst consensus on Ferroglobe PLC is Strong Buy and the average price target is $17.13, representing a 44.8% upside.

In a report issued on May 8, Oppenheimer also assigned a Buy rating to the stock.

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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.

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