Ferroglobe PLC Receives a Buy from Jefferies

By Ryan Adsit

Jefferies analyst Seth Rosenfeld reiterated a Buy rating on Ferroglobe PLC (NASDAQ: GSM) today. The company’s shares closed yesterday at $9.28.

According to TipRanks.com, Rosenfeld is a 4-star analyst with an average return of 5.8% and a 73.7% success rate. Rosenfeld covers the Basic Materials sector, focusing on stocks such as Commercial Metals Company, Worthington Industries, and United States Steel.

Ferroglobe PLC has an analyst consensus of Moderate Buy, with a price target consensus of $12.

The company has a one year high of $13.02 and a one year low of $6.90. Currently, Ferroglobe PLC has an average volume of 659.2K.

Ferroglobe PLC provides silicon and specialty metals. It produces silicon metal and silicon and manganese based alloy, serving key customers in the specialty chemical, aluminum, solar, steel and ductile iron foundry industries. The company was founded on February 5, 2015 and is headquartered in London, the United Kingdom.