Analyst Rating Update on Globe Specialty Metals (GSM)

Globe Specialty Metals (NASDAQ:GSM) : Zacks Investment Research ranks Globe Specialty Metals (NASDAQ:GSM) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. The average broker rating of 5 research analysts is 1, which indicates as a Strong Buy.

Globe Specialty Metals (NASDAQ:GSM) : The highest level Globe Specialty Metals (NASDAQ:GSM) is projected to reach is $19 for the short term and the lowest estimate is at $11. The consolidated price target from 6 rating analysts who initiate coverage on the stock is $14.42 and the possibility the share price can swing is $3.01.

For this week, the average consensus of the company shares are rated as a Strong Buy. Also, Jefferies upgrades its view on Globe Specialty Metals (NASDAQ:GSM) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Earlier, the shares had a rating of Hold. The rating by the firm was issued on June 13, 2016.

Globe Specialty Metals (NASDAQ:GSM): stock turned positive on Tuesday. Though the stock opened at $8.19, the bulls momentum made the stock top out at $8.37 level for the day. The stock recorded a low of $8.15 and closed the trading day at $8.32, in the green by 2.59%. The total traded volume for the day was 878,877. The stock had closed at $8.11 in the previous days trading.

Ferroglobe PLC, formerly VeloNewco Ltd, is a United Kingdom-based company. The Company is engaged in the production of silicon metals and alloys.

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