Gerdau S.A. – Consensus Indicates Potential 16.4% Upside

Broker Ratings

Gerdau S.A. found using ticker (GGB) have now 2 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 5.93 and 4.7 and has a mean target at 5.32. Given that the stocks previous close was at 4.57 this is indicating there is a potential upside of 16.4%. The 50 day moving average now sits at 4.04 and the 200 day MA is 3.46. The company has a market capitalisation of $7,153m. Company Website: http://www2.gerdau.com

Gerdau S.A. provides steel products and services in the United States and Canada. It operates through four segments: Brazil Operations, North America Operations, South America Operations, and Special Steel Operations. The company offers semi-finished products, including billets, blooms, and slabs; common long rolled products, such as rebars, wire rods, merchant bars, light shapes, and profiles to construction and manufacturing industries; and drawn products comprises barbed and barbless fence wires, galvanized wires, fences, concrete reinforcing wire meshes, nails, and clamps. It also produces special steel products used in auto parts, light and heavy vehicles, and agricultural machinery, as well as the oil and gas, wind energy, machinery and equipment, mining and rail, and others markets. In addition, the company offers flat products, including hot rolled coils and heavy plates; and resells flat steel products, as well as mines and produces iron ore. It sells its products through independent distributors, direct sales from the mills, and its retail network. The company was founded in 1901 and is headquartered in Sao Paulo, Brazil. Gerdau S.A. is a subsidiary of Metalúrgica Gerdau S.A.

You can now share this on Stocktwits, just click the logo below and add the ticker in the text to be seen.

Share on Stocktwits
You might also enjoy reading  Gerdau S.A. - Consensus Indicates Potential 31.1% Upside
Find more news, interviews, share price & company profile here for:

    Good news travels fast (but only if you make that happen). Share on:

    Twitter
    LinkedIn
    Facebook
    Email
    Reddit

      AIM All Share Index