Analyst Rating Update on Globe Specialty Metals (GSM)

Globe Specialty Metals (GSM) has an average broker rating of 1, which is interpreted as a Strong Buy, as rated by 4 equity analysts. Nonetheless, 4 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Globe Specialty Metals (GSM) : 5 Wall Street analysts covering Globe Specialty Metals (GSM) believe that the average level the stock could reach for the short term is $14.7. The maximum price target given is $19 and the minimum target for short term is around $11, hence the standard deviation is calculated at $3.27.

For this week, the average consensus of the company shares are rated as a Strong Buy.


Globe Specialty Metals (NASDAQ:GSM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.08 and $9.01 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.37. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.37, notching a gain of 2.74% for the day. The total traded volume was 883,092 . The stock had closed at $9.12 on the previous day.

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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