Gerdau S.A. (GGB) : Analyst Rating Update

Gerdau S.A. (GGB) : 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Gerdau S.A. (GGB). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 3 Wall Street Analysts endorse the stock as a Hold with a rating of 3.

Gerdau S.A. (GGB) : The most positive equity analysts on Gerdau S.A. (GGB) expects the shares to touch $6, whereas, the least positive believes that the stock will trade at $2 in the short term. The company is covered by 2 Wall Street Brokerage Firms. The average price target for shares are $3.95 with an expected fluctuation of $2.9 from the mean.

Gerdau S.A. (NYSE:GGB): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1.79 and $1.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.82. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1.80, notching a gain of 0.56% for the day. The total traded volume was 3,843,956 . The stock had closed at $1.79 on the previous day.

The company shares have dropped -16.74% from its 1 Year high price. On Apr 13, 2016, the shares registered one year high at $2.48 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $1.69 and the 200 Day Moving Average price is recorded at $1.49.

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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