Baird Upgrades Ferroglobe PLC to Buy

Brokerage firm Baird Upgrades its rating on Ferroglobe PLC(NASDAQ:GSM). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Baird was issued on Sep 19, 2016.

In a different note, On Aug 29, 2016, Briley said it Maintains its rating on Ferroglobe PLC. In the research note, the firm Lowers the price-target to $10.25 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 29, 2016, Stifel Nicolaus said it Maintains its rating on Ferroglobe PLC. In the research note, the firm Lowers the price-target to $17.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 25, 2016, B. Riley said it Downgrades its rating on Ferroglobe PLC. The shares have been rated ‘Neutral’ by the firm.

Ferroglobe PLC (GSM) made into the market gainers list on Thursdays trading session with the shares advancing 0.67% or 0.06 points. Due to strong positive momentum, the stock ended at $9.07, which is also near the day’s high of $9.25. The stock began the session at $9.12 and the volume stood at 8,53,493 shares. The 52-week high of the shares is $11.94 and the 52 week low is $6.9. The company has a current market capitalization of $1,559 M and it has 17,18,38,150 shares in outstanding.

Ferroglobe PLC(GSM) last announced its earnings results on Aug 25, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $397.95M. Analysts had an estimated revenue of $1.75B. Earnings per share were $-0.01.

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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