Gerdau SA – Consensus shows potential upwards of 57.5%
Gerdau SA with ticker code (GGB) now have 3 analysts who cover the share. The analyst consensus suggests a “Buy” rating. The range between the high target price and the low target price is between 8.33 and 6.77 with an average TP of 7.81. Since the shares previously closed at 4.96, this now points to a potential upside of 57.5%. The 50 day moving average is 5.27 while the 200 day moving average is 5.77. The company’s market capitalization is $ 8,102 million. Further information can be found at: http://www2.gerdau.com
Gerdau SA offers steel products and services. It operates in four segments: Brazil Business, North America Business, South America Business and Stainless Steel Business. The company offers semi-finished products, including billets, blooms and slabs; common long rolled products such as reinforcing steel, wire rod, steel bars, light shapes and profiles for the construction and manufacturing industry; finished industrial products, including commercially available rolled steel bars and lightweight profiles and wires; agricultural products, which include stakes and smooth wire products; and drawn products includes spiky and barbless fence wire, galvanized wire, fences, welded wire mesh, nails and clips. It also produces specialty steel products used in auto parts, light and heavy vehicles, and farm equipment, as well as in the oil and gas, wind power, machinery and equipment, mining and railroad and other markets. The company also offers flat products such as hot-rolled coils and heavy plates; and sells flat steel products as well as mines and produces iron ore. It sells its products through independent dealers, direct sales from the mills and its retail network. The company was founded in 1901 and is based in Sao Paulo, Brazil. Gerdau SA is a subsidiary of Metalúrgica Gerdau SA
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