Gerdau S.A. with ticker code (GGB) now have 3 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 8.39 and 7.9 and has a mean target at 8.19. Now with the previous closing price of 5.6 this now indicates there is a potential upside of 46.3%. The 50 day moving average now sits at 5.23 and the 200 day moving average is 5.28. The market capitalisation for the company is $9,159m. Company Website: https://www2.gerdau.com
The potential market cap would be $13,395m based on the market concensus.
Gerdau S.A. provides steel products and services. It operates through four segments: Brazil Business, North America Business, South America Business, and Special Steel Business. The company offers semi-finished products, luding billets, blooms, and slabs; common long rolled products, such as rebars, wire rods, merchant bars, light shapes, and profiles to the construction and manufacturing industries; finished industrial products, luding commercial rolled-steel bars, and light profiles and wires; agricultural products that lude stakes and smooth wire products; 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 other markets. In addition, the company offers flat products, luding 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 based in Sao Paulo, Brazil. Gerdau S.A. is a subsidiary of Metalúrgica Gerdau S.A.
