Gerdau S.A. (GGB) Receives ‘Analyst’ Rating

Gerdau S.A. (GGB) : Zacks Investment Research ranks Gerdau S.A. (GGB) as 3, which is a Hold recommendation. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 3 research analysts is 3, which indicates as a Hold.

Gerdau S.A. (GGB) : Currently there are 2 street experts covering Gerdau S.A. (GGB) stock. The most bullish and bearish price target for the stock is $6 and $3 respectively for the short term. The average price target of all the analysts comes to $4.5. The estimated standard deviation from the target is $2.12.


Also, Equity analysts at the Brokerage firm Morgan Stanley upgrades its rating on Gerdau S.A. (NYSE:GGB). The rating major has initiated the coverage with overweight rating on the shares. Earlier, the shares were rated a Equal-weight by the brokerage firm. The rating by the firm was issued on August 18, 2016.

Gerdau S.A. (NYSE:GGB): After opening at $2.6, the stock dipped to an intraday low of $2.54 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $2.64 and the buying power remained strong till the end. The stock closed at $2.62 for the day, a gain of 1.16% for the day session. The total traded volume was 6,969,342. The stocks close on the previous trading day was $2.59.

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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