Brokerage Firm Rating Update on Globe Specialty Metals (GSM)

Globe Specialty Metals (GSM) : Zacks Investment Research ranks Globe Specialty Metals (GSM) as 4, which is a Sell recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 1 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 4 research analysts is 1.5, which indicates as a Strong Buy.

Globe Specialty Metals (GSM) stock is expected to deviate a maximum of $3.12 from the average target price of $11.88 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $16 and the most muted being $9.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Briley, maintains their rating on the shares of Globe Specialty Metals (NASDAQ:GSM). Briley has a Neutral rating on the shares. As per the latest research report, the brokerage house lowers the price target to $8.5 per share from a prior target of $10.25. The rating by the firm was issued on August 29, 2016.

Globe Specialty Metals (NASDAQ:GSM): stock was range-bound between the intraday low of $8.2 and the intraday high of $8.46 after having opened at $8.46 on Wednesdays session. The stock finally closed in the red at $8.46, a loss of -1.90%. The stock remained in the red for the whole trading day. The total traded volume was 610,979 shares. The stock failed to cross $8.46 in Wednesdays trading. The stocks closing price on Thursday was $8.42.

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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