Ferroglobe PLC (GSM) PT Set at $17.00 by Jefferies Group LLC

Jefferies Group LLC set a $17.00 target price on Ferroglobe PLC (NASDAQ:GSM) in a research report released on Thursday morning. The brokerage currently has a buy rating on the basic materials company’s stock.

A number of other brokerages have also commented on GSM. B. Riley reissued a buy rating and set a $16.00 price target on shares of Ferroglobe PLC in a research note on Sunday, September 3rd. Stifel Nicolaus reissued a buy rating on shares of Ferroglobe PLC in a research note on Sunday, September 3rd. Zacks Investment Research raised Ferroglobe PLC from a hold rating to a buy rating and set a $15.00 price target on the stock in a research note on Wednesday, August 23rd. Finally, BidaskClub raised Ferroglobe PLC from a buy rating to a strong-buy rating in a research note on Saturday, August 19th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Ferroglobe PLC presently has an average rating of Buy and an average price target of $15.40.

Shares of Ferroglobe PLC (NASDAQ GSM) opened at 14.76 on Thursday. The company’s market capitalization is $2.54 billion. The firm’s 50-day moving average price is $13.38 and its 200 day moving average price is $11.54. Ferroglobe PLC has a one year low of $8.54 and a one year high of $15.09.

ILLEGAL ACTIVITY NOTICE: “Ferroglobe PLC (GSM) PT Set at $17.00 by Jefferies Group LLC” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright and trademark law. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/09/ferroglobe-plc-gsm-pt-set-at-17-00-by-jefferies-group-llc.html.

Institutional investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. acquired a new position in shares of Ferroglobe PLC in the first quarter worth approximately $100,000. Invictus RG acquired a new position in shares of Ferroglobe PLC in the first quarter worth approximately $154,000. Budros Ruhlin & Roe Inc. lifted its stake in shares of Ferroglobe PLC by 17.2% in the second quarter. Budros Ruhlin & Roe Inc. now owns 13,603 shares of the basic materials company’s stock worth $163,000 after acquiring an additional 2,000 shares during the period. Laurion Capital Management LP acquired a new position in shares of Ferroglobe PLC in the first quarter worth approximately $166,000. Finally, American International Group Inc. lifted its stake in

A number of other brokerages have also commented on GSM. B. Riley reissued a buy rating and set a $16.00 price target on shares of Ferroglobe PLC in a research note on Sunday, September 3rd. Stifel Nicolaus reissued a buy rating on shares of Ferroglobe PLC in a research note on Sunday, September 3rd. Zacks Investment Research raised Ferroglobe PLC from a hold rating to a buy rating and set a $15.00 price target on the stock in a research note on Wednesday, August 23rd. Finally, BidaskClub raised Ferroglobe PLC from a buy rating to a strong-buy rating in a research note on Saturday, August 19th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Ferroglobe PLC presently has an average rating of Buy and an average price target of $15.40.

Shares of Ferroglobe PLC (NASDAQ GSM) opened at 14.76 on Thursday. The company’s market capitalization is $2.54 billion. The firm’s 50-day moving average price is $13.38 and its 200 day moving average price is $11.54. Ferroglobe PLC has a one year low of $8.54 and a one year high of $15.09.

ILLEGAL ACTIVITY NOTICE: “Ferroglobe PLC (GSM) PT Set at $17.00 by Jefferies Group LLC” was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of US and international copyright and trademark law. The original version of this piece of content can be viewed at https://ledgergazette.com/2017/10/09/ferroglobe-plc-gsm-pt-set-at-17-00-by-jefferies-group-llc.html.

Institutional investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. acquired a new position in shares of Ferroglobe PLC in the first quarter worth approximately $100,000. Invictus RG acquired a new position in shares of Ferroglobe PLC in the first quarter worth approximately $154,000. Budros Ruhlin & Roe Inc. lifted its stake in shares of Ferroglobe PLC by 17.2% in the second quarter. Budros Ruhlin & Roe Inc. now owns 13,603 shares of the basic materials company’s stock worth $163,000 after acquiring an additional 2,000 shares during the period. Laurion Capital Management LP acquired a new position in shares of Ferroglobe PLC in the first quarter worth approximately $166,000. Finally, American International Group Inc. lifted its stake in shares of Ferroglobe PLC by 7.1% in the first quarter. American International Group Inc. now owns 40,274 shares of the basic materials company’s stock worth $416,000 after acquiring an additional 2,664 shares during the period. 38.17% of the stock is currently owned by institutional investors.

Ferroglobe PLC Company Profile

Ferroglobe PLC, formerly VeloNewco Limited, is engaged in silicon and specialty metals industry. The Company produces silicon metal and silicon- and manganese-based alloy, which serves customers in the chemical, aluminum, solar, steel and ductile iron foundry industries. It operates through two segments: Electrometallurgy and Energy.

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