Brokerage Firm Rating on Gerdau S.A. (GGB)

Gerdau S.A. (GGB) has an average broker rating of 3, which is interpreted as a Hold, as rated by 3 equity analysts. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.

Gerdau S.A. (GGB) has been rated by 2 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $6 and the lowest price target forecast is $3. The average forecast of all the analysts is $4.33 and the expected standard deviation is $2.37.


Company shares have received an average consensus rating of Hold for the current week Gerdau S.A. (NYSE:GGB): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $2.74 and $2.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $2.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $2.84, notching a gain of 5.19% for the day. The total traded volume was 14,266,819 . The stock had closed at $2.70 on the previous day.

Gerdau S.A. (Gerdau) is a producer of long rolled steel. The Company operates in five segments: Brazil (Brazil Business Operation), which includes the steel operations in Brazil (except special steel) and the metallurgical and coking coal operation in Colombia; North America (North America Business Operation), which includes all North American operations, except Mexico and special steel; Latin America (Latin America Business Operation), which includes all Latin American operations, except the operations in Brazil and the metallurgical and coking coal operations in Colombia; Special Steel (Special Steel Business Operation), which includes the special steel operations in Brazil, Spain, the United States and India, and Iron Ore (Iron Ore Business Operation), which includes the iron ore operations in Brazil. The Companys mills are located in Argentina, Brazil, Canada, Chile, Colombia, Spain, the United States, Guatemala, India, Mexico, Peru, the Dominican Republic, Uruguay and Venezuela.

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